Price Cap Regulation and Declining Demand

Timothy Brennan and Michael A. Crew ()
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Michael A. Crew: Rutgers Business School

A chapter in The Future of the Postal Sector in a Digital World, 2016, pp 1-17 from Springer

Abstract: Abstract PCR originated in the late 1970s in the USA with a new regulatory scheme for Michigan Bell that replaced tradition cost-of-service regulation (COS). It gathered considerable momentum in the 1980s, with its adaption for AT&T following the Divestiture of the Regional Bell Operating Companies in 1984. PCR’s momentum continued with the privatization of the utilities in the UK. All of the newly privatized utilities were subject to PCR, not only telecommunications, but also electricity, gas, and water.

Keywords: Variable Cost; Consumer Price Index; Average Cost; Scale Economy; Price Adjustment (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:topchp:978-3-319-24454-9_1

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DOI: 10.1007/978-3-319-24454-9_1

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