Regulation of Natural Monopolies

Paul Joskow

Working Papers from Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research

Abstract: This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural monopolies. It covers alternative definitions of natural monopoly, regulatory goals, alternative regulatory institutions, price regulation with full information, regulation with imperfect and asymmetric information, and topics on the measurement of the effects of price and entry regulation in practice. The chapter also discusses the literature on network access and pricing to support the introduction of competition into previously regulated monopoly industries.

Date: 2005-04
New Economics Papers: this item is included in nep-cse, nep-ene, nep-ind, nep-mic and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:mee:wpaper:0508

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