Download Optimal Regulation: The Economic Theory of Natural Monopoly PDF Free - Full Version
Download Optimal Regulation: The Economic Theory of Natural Monopoly by Kenneth E. Train in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About Optimal Regulation: The Economic Theory of Natural Monopoly
Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field.The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics.Kenneth E. Train is Associate Adjunct Professor in the Department of Economics and Graduate School of Public Policy at the University of California, Berkeley. He is also Principal of the firm Cambridge Systematics.Topics include: The cost structure of natural monopoly (economies of scale and scope). Characterization of firstand second-best optimality. Surplus subsidy schemes for attaining first-best optimality. Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them. Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality. The Averch-Johnson model of how rate-of-return regulation induces inefficiencies. Analysis of regulation based on the firm's return on Output, costs, or sales. Price-cap regulation. Regulatory treatment of uncertainty and its impact on the firm's behavior. Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.)
Detailed Information
| Author: | Kenneth E. Train |
|---|---|
| Publication Year: | 1991 |
| ISBN: | 9780585159669 |
| Pages: | 338 |
| Language: | English |
| File Size: | 14.389 |
| Format: | |
| Price: | FREE |
Safe & Secure Download - No registration required
Why Choose PDFdrive for Your Free Optimal Regulation: The Economic Theory of Natural Monopoly Download?
- 100% Free: No hidden fees or subscriptions required for one book every day.
- No Registration: Immediate access is available without creating accounts for one book every day.
- Safe and Secure: Clean downloads without malware or viruses
- Multiple Formats: PDF, MOBI, Mpub,... optimized for all devices
- Educational Resource: Supporting knowledge sharing and learning
Frequently Asked Questions
Is it really free to download Optimal Regulation: The Economic Theory of Natural Monopoly PDF?
Yes, on https://PDFdrive.to you can download Optimal Regulation: The Economic Theory of Natural Monopoly by Kenneth E. Train completely free. We don't require any payment, subscription, or registration to access this PDF file. For 3 books every day.
How can I read Optimal Regulation: The Economic Theory of Natural Monopoly on my mobile device?
After downloading Optimal Regulation: The Economic Theory of Natural Monopoly PDF, you can open it with any PDF reader app on your phone or tablet. We recommend using Adobe Acrobat Reader, Apple Books, or Google Play Books for the best reading experience.
Is this the full version of Optimal Regulation: The Economic Theory of Natural Monopoly?
Yes, this is the complete PDF version of Optimal Regulation: The Economic Theory of Natural Monopoly by Kenneth E. Train. You will be able to read the entire content as in the printed version without missing any pages.
Is it legal to download Optimal Regulation: The Economic Theory of Natural Monopoly PDF for free?
https://PDFdrive.to provides links to free educational resources available online. We do not store any files on our servers. Please be aware of copyright laws in your country before downloading.
The materials shared are intended for research, educational, and personal use in accordance with fair use principles.
