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Considered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field. Policy makers and regulators have begun to implement entry and pricing policies that are based on theoretical and empirical analyses. This book develops a comprehensive framework for analyzing natural monopoly. The authors first present a historical overview of regulatory economics, followed by analyses of optimal pricing and investment for single- and multiproduct natural monopolies. Topics covered include cost and demand structures, efficiency impacts of linear and multipart pricing, peak-load pricing, capacity determination, and the sustainability of natural monopolies. After a survey and analysis of natural monopoly regulation in practice, the links between technological change and regulation are identified. The book concludes with a discussion of the alternatives to traditional regulation, including public ownership, franchise schemes, quality regulation, and new incentive systems. Throughout the book, issues from the telecommunications and energy industries are used to illustrate key points. Its integrated framework will make it useful to academic economists, regulatory analysts, business researchers, and advanced students of public utility economics.

Monopolies. --- Public utilities --- Government policy. --- Rates --- Law and legislation. --- Monopolies --- Services publics --- Monopoles --- Government policy --- Law and legislation --- Politique gouvernementale --- Tarifs --- Droit --- Business, Economy and Management --- Economics --- Public utilities - Government policy. --- Public utilities - Rates - Law and legislation. --- Municipal utilities --- Public-service corporations (Public utilities) --- Utilities, Public --- Utility companies --- Municipal franchises --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Trade regulation --- Competition --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial

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Monopolies --- Antitrust law --- Monopoles --- Concurrence --- Droit --- -AA / International- internationaal --- 380.22 --- 658.112 --- 338.51 --- concurrentie --- 347.733 --- -658.8 --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Trade regulation --- Competition --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial --- Anti-trust law --- Competition law --- Commercial law --- Concurrentie. Monopolie, duopolie, oligopolie. --- Site, location, place of business --- Kartels en afspraken. --- 330.1 --- Trusts en monopolies : wetgeving. --- Marketing. Sales. Selling. Distribution --- Law and legislation --- Law --- AA / International- internationaal --- 658.8 Marketing. Sales. Selling. Distribution --- 658.112 Site, location, place of business --- -Monopolies --- 658.8 --- Kartels en afspraken --- Trusts en monopolies : wetgeving --- Concurrentie. Monopolie, duopolie, oligopolie --- -Antitrust law --- Monopolies - - France --- Monopolies -

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Trade regulation --- Monopolies --- Industrial procurement --- Government purchasing --- Incentives in industry --- Contracts, Letting of --- Public utilities --- Stimulants dans l'industrie --- Letting of contracts --- Public utilities. --- 338.82 --- Buyer-supplier relations --- Buying, Industrial --- Industrial buying --- Industrial purchasing --- Procurement, Industrial --- Purchasing, Industrial --- Supplier-buyer relations --- Engrossing --- Forestalling --- Monopolistic competition --- Monopsonies --- Bidding, Competitive --- Bids (Contracts) --- Competitive bidding --- Competitive tendering --- Tendering, Competitive --- Proposal writing in business --- Proposal writing in public contracting --- Employee competitive behavior --- Employee morale --- Government procurement --- Procurement, Government --- Public procurement --- Public purchasing --- Industrial procurement. --- Letting of contracts. --- Monopolies. --- Marchés publics --- 330.548 --- 380.22 --- 650 --- AA / International- internationaal --- 339.54 --- Industrial equipment --- Industrial management --- Purchasing --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Commercial crimes --- Competition --- Restraint of trade --- Trusts, Industrial --- Regulation of trade --- Regulatory reform --- Commercial law --- Consumer protection --- Deregulation --- 339.54 Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel --- Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel --- Municipal utilities --- Public-service corporations (Public utilities) --- Utilities, Public --- Utility companies --- Municipal franchises --- Contracts --- Employee incentives --- Labor incentives --- Employee motivation --- Goal setting in personnel management --- Personnel management --- Nationalisatie. Privatiseringen --- Concurrentie. Monopolie, duopolie, oligopolie --- Theorieën en grondbeginselen. Management --- Law and legislation --- Government purchasing. --- Incentives in industry. --- Trade regulation. --- Approvisionnement dans l'entreprise --- Monopoles --- Services publics --- Commerce --- Réglementation --- Économie industrielle --- Trade theory