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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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Wages --- Collective bargaining --- Monopolies --- Mathematical models --- 331.105 --- -Monopolies --- -Wages --- -#SBIB:316.334.2A441 --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Trade regulation --- Competition --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial --- Bargaining --- Labor negotiations --- Industrial relations --- Negotiation in business --- Verhouding wergevers-werknemers. Industrial relations. Arbeidsverhoudingen--z.o. {658.31} --- Arbeidssociologie: theorieën over de collectieve arbeidsverhoudingen --- 331.105 Verhouding wergevers-werknemers. Industrial relations. Arbeidsverhoudingen--z.o. {658.31} --- #SBIB:316.334.2A441 --- Collective bargaining - Mathematical models --- Monopolies - Mathematical models --- Wages - Mathematical models

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Social law. Labour law --- Prices --- European Union --- Antitrust law --- Concurrence --- Droit --- Competition --- Trade regulation --- Monopolies --- Pricing --- Government policy --- -Monopolies --- -Pricing --- -Trade regulation --- Price policy --- Price policy, Industrial --- Retail pricing --- Marketing --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Open price system --- Supply and demand --- -Government policy --- -Competition --- -Economic aspects --- Economic aspects --- Competition - Government policy - European Union countries --- Trade regulation - European Union countries --- Monopolies - Government policy - European Union countries --- Pricing - European Union countries --- Politique de la concurrence

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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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Monopolies --- Trade regulation --- Mathematical models --- Government policy --- 339.54 --- -Monopolies --- -Trade regulation --- Regulation of trade --- Regulatory reform --- Commercial law --- Consumer protection --- Deregulation --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Competition --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial --- Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel --- -Mathematical models --- Mathematical models. --- Law and legislation --- 339.54 Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel --- Government policy&delete& --- Monopolies - Mathematical models --- Monopolies - Government policy - Mathematical models --- Trade regulation - Mathematical models