Introduction

Michael Hierzenberger ()

Chapter Chapter 1 in Price Regulation and Risk, 2010, pp 1-3 from Springer

Abstract: Abstract The market-based fundamental principle of competition is not present for natural monopolies. For this reason, monitoring corporations that possess a natural monopoly is necessary within the scope of price setting, in order to minimize welfare loss due to the lack of effect from competition. Network infrastructures, such as electricity and gas networks, are classic examples of natural monopolies.

Keywords: Cash Flow; Abnormal Return; Equity Capital; Future Orientation; Capital Asset Price Model (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-12047-3_1

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DOI: 10.1007/978-3-642-12047-3_1

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