Abstract

Introduction PART 1: A Theory of Regulation 1. Typical Justifications for Regulation 2. Cost-of-Service Ratemaking 3. Historically Based Price Regulation 4. Allocation under a Public Interest Standard 5. Standard Setting 6. Historically Based Allocation 7. Individualized Screening 8. Alternatives to Classical Regulation 9. General Guidelines for Policy Makers PART 2: Appropriate Solutions 10. Match and Mismatch 11. Mismatch: Excessive Competition and Airline Regulation 12. Mismatch: Excessive Competition and the Trucking Industry 13. Mismatch: Rent Control and Natural Gas Field Prices 14. Partial Mismatch: Spillovers and Environmental Pollution 15. Problems of a Possible Match: Natural Monopoly and Telecommunications PART 3: Practical Reform 16. From Candidate to Reform 17. Generic Approaches to Regulatory Reform Appendix 1: The Regulatory Agencies Appendix 2: A Note on Administrative Law Further Reading Notes Index