Railway Monopoly and Rate Regulation

Railway Monopoly and Rate Regulation

We can regulate the monopolies . The need of applying regulation that will reduce the rates and extend the service to the ability of the railways to supply the same is increased by the marked tendency of late years for railroad business ...

Author: Robert James McFall

Publisher:

ISBN: HARVARD:LI3LGW

Category: Railroads

Page: 225

View: 224

Categories: Railroads

Railway Monopoly and Rate Regulation Volume 69

Railway Monopoly and Rate Regulation  Volume 69

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

Author: Robert James McFall

Publisher: Palala Press

ISBN: 1342678362

Category:

Page: 528

View: 988

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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Columbia studies in the social sciences

Columbia studies in the social sciences

( 164 ) Railway Monopoly and Rate Regulation . By ROBERT J . McFall , Ph . D . Price , & e . 2 . ( 166 ) The Batter Industry in the United States . By EDWARD WIEST , Ph D . Price , $ 2 . 00 . VOLUME LXX . 1916 . 540 pp .

Author:

Publisher:

ISBN: UCAL:$B687012

Category:

Page:

View: 281

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Regulating Infrastructure

Regulating Infrastructure

This book addresses one of the most vexing of these: how can government fairly and effectively regulate "natural monopolies"--those infrastructure and utility services whose technologies make competition impractical?

Author: José A. GOMEZ IBANEZ

Publisher: Harvard University Press

ISBN: 0674037804

Category: Business & Economics

Page: 445

View: 691

In the 1980s and '90s many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways--with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California's wholesale electricity market and the bankruptcy of Britain's largest railroad company have raised troubling questions about privatization. This book addresses one of the most vexing of these: how can government fairly and effectively regulate "natural monopolies"--those infrastructure and utility services whose technologies make competition impractical? Rather than sticking to economics, José GÃ3mez-Ibáñez draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation. He makes a strong case for favoring market-oriented and contractual approaches--including private contracts between infrastructure providers and customers as well as concession contracts with the government acting as an intermediary--over those that grant government regulators substantial discretion. Contracts can provide stronger protection for infrastructure customers and suppliers--and greater opportunities to tailor services to their mutual advantage. In some cases, however, the requirements of the firms and their customers are too unpredictable for contracts to work, and alternative schemes may be needed. Table of Contents: Acknowledgments 1. Monopoly as a Contracting Problem 2. The Choice of Regulatory Strategy Part I. Regulatory Politics and Dynamics 3. The Behavior of Regulatory Agencies 4. Capture and Instability: Sri Lankas Buses and U.S. Telephones 5. Incompleteness and Its Consequences: Argentinas Railroads 6. Forestalling Expropriation: Electricity in the Americas Part II. Contract versus Discretionary Regulation 7. The Evolution of Concession Contracts: Municipal Franchises in North America 8. The Rediscovery of Private Contracts: U.S. Railroad and Airline Deregulation--with John R. Meyer 9. Price-Cap Regulation: The British Water Industry Part III. Vertical Unbundling and Regulation 10. The Trade-off in Unbundling: Competition versus Coordination 11. Regulating Coordination: British Railroads 12. Designing Capacity Markets: Electricity in Argentina--with MartÃn RodrÃguez-Pardina 13. The Prospects for Unbundling 14. The Future of Regulation Notes Index Regulating Infrastructure: Monopoly, Contracts and Discretion is a book that merges the modern economics of the firm with traditional regulatory concerns in an original and provocative way. It is a valuable contribution to the literature that should be read by anyone concerned with redefining regulation for the new Century. --Michael E. Levine, Yale Law School
Categories: Business & Economics