Titlebook: Regulating Utilities in an Era of Deregulation; Michael A. Crew (Professor of Economics) Book 1987 Michael A. Crew 1987 deregulation.regul

Fermentation

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Governance Costs of Regulation for Water Supply,st a matter of allocative efficiency, the idea being to promote the maximisation of net benefit as expressed by the excess of total consumer and producer surplus over production costs. However, the nature of efficiency concerns has become broader, and now involves such considerations as X-efficiency (see Leibenstein (1966)) and transaction costs.

Opponent

An Analysis of Pricing and Production Efficiency of Electric Utilities by Mode of Ownership,f output as measured by Ramsey type pricing rules. These two aspects of efficiency are not, however, independent since the pricing of output will be influenced by the absolute and relative costs of production as well as the motivation of regulators and managers of the utilities.

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A Life-cycle Study of Commercial Cogeneration/Cooling: a State-of-the-art of Gas Technology,y during peak usage periods; and, (4) a new generation of high-efficiency gas cooling systems is available in the domestic market, including heat recovery absorption units that can be coupled with gas cogeneration systems.

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Archipelago

ITCH

Regulatory Policy Under Uncertainty: How Should the Earned Rate of Return for a Public Utility be Ced in 1962. Simply stated, the A-J problem saw the firm choosing its inputs — labour and capital — so as to maximise profits subject to rate of return regulation in a static and deterministic environment. Within this framework they demonstrated that if the allowed rate of return exceeds the cost of

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Lineage

Ramsey Pricing in Telecommunications Markets with Free Entry,unction subject to the regulated firm breaking even at those prices. Faulhaber (1975), first observed that requiring a regulated multi-product monopoly to use Ramsey pricing may be incompatible with allowing free entry into some of the regulated firm’s markets. He argues that, in general, Ramsey pri

INCUR

An Analysis of Ramsey Pricing in Electric Utilities, and industrial customers. While the price of electricity for each of these customer groups is not determined by market forces, information on the customer’s demand structure and the firm’s costs of production is generally used in the rate-setting process. Since these output prices are crucial in de