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Titlebook: Price Caps and Incentive Regulation in Telecommunications; Michael A. Einhorn Book 1991 Springer Science+Business Media New York 1991 effi

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书目名称Price Caps and Incentive Regulation in Telecommunications
编辑Michael A. Einhorn
视频video
丛书名称Topics in Regulatory Economics and Policy
图书封面Titlebook: Price Caps and Incentive Regulation in Telecommunications;  Michael A. Einhorn Book 1991 Springer Science+Business Media New York 1991 effi
描述Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova­ tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company‘s costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef­ ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility‘s rate base and cross-subsidization of its competitive services. A category of alternative regulatory approaches can be classified broadly as social contracts. Under the general strategy of social contract regulation, regulators first delimit a group of regulated core services that they continue to regulate and then stipulate a list of constraints that the utility must agree to meet in the future; in exchange, regulators agree to deta
出版日期Book 1991
关键词efficiency; innovation; regulation; research
版次1
doihttps://doi.org/10.1007/978-1-4615-3976-6
isbn_softcover978-1-4613-6776-5
isbn_ebook978-1-4615-3976-6Series ISSN 2730-7468 Series E-ISSN 2730-7476
issn_series 2730-7468
copyrightSpringer Science+Business Media New York 1991
The information of publication is updating

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