Recipes for Monopoly Regulation

By Christian Holzleitner

This monograph was the winner of the Nestl Prize 2000 for the best Austrian PhD-Thesis in the Social Sciences.
As it is not possible to introduce competition into every single market, there will still remain monopolies - like in the telecom or energy sector - which have to be put under public regulation. This book offers a look into the latest developments in regulatory practice and theory. What shall a regulator do when she wants to give incentives for cost minimization to the regulated firm and at the same time efficient prices to the consumers? After a comparison of different real world regulatory regimes, a simple theoretical model is used to assess the real world approaches and design optimal policies. The theoretical recipes are presented in a way which should be accessible to advanced students and real world regulators.

• Format: Paperback
• Language: English
• ISBN: 0820448222
• ISBN13: 9780820448220
• Release Date: January 2001
• Publisher: Peter Lang Publishing
• Length: 97 Pages