14 The Future of Regulation

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments ix
4. 1 Monopoly as a Contracting Problem 1
5. 2 The Choice of Regulatory Strategy 18
6. I Regulatory Politics and Dynamics
7. 3 The Behavior of Regulatory Agencies 37
8. 4 Capture and Instability: Sri Lanka’s Buses and U.S. Telephones 55
9. 5 Incompleteness and Its Consequences: Argentina’s Railroads 84
10. 6 Forestalling Expropriation: Electricity in the Americas 109
11. II Contract versus Discretionary Regulation
12. 7 The Evolution of Concession Contracts: Municipal Franchises in North America 155
13. 8 The Rediscovery of Private Contracts: U.S. Railroad and Airline Deregulation with John R. Meyer 188
14. 9 Price-Cap Regulation: The British Water Industry 217
15. III Vertical Unbundling and Regulation
16. 10 The Trade-off in Unbundling: Competition versus Coordination 245
17. 11 Regulating Coordination: British Railroads 264
18. 12 Designing Capacity Markets: Electricity in Argentina with Martín Rodríguez-Pardina 298
19. 13 The Prospects for Unbundling 326
20. 14 The Future of Regulation 341
21. Notes 361
22. Index 419