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Regulating Infrastructure
Monopoly, Contracts, and Discretion
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José A. Gómez-Ibáñez
Language:
English
Published/Copyright:
2006
About this book
This book addresses a vexing question about privatization: how can government fairly and effectively regulate “natural monopolies”—infrastructure and utility services whose technologies make competition impractical? Gómez-Ibáñez draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation.
Reviews
Regulating Infrastructure: Monopoly, Contracts, and Discretion is a book that merges the modern economics of the firm with traditional regulatory concerns in an original and provocative way. It is a valuable contribution to the literature that should be read by anyone concerned with redefining regulation for the new century.
-- Michael E. Levine, Yale Law School
-- Michael E. Levine, Yale Law School
Gómez-Ibáñez uses a rich set of case studies to analyse how and why...different institutional designs are chosen and reformed. The author's range is exceptionally wide: Sri Lanka, the U.S., Britain and Argentina; he tackles telecommunications, railroads, airlines, electricity, buses and water; and spans time periods from the 1950s to today. The result is a remarkable array of examples, information and analyses. In explaining institutional design, he offers a series of fascinating arguments using opportunism and transaction-cost analysis as a starting point rather than as a constraining simplifying theme.
-- Mark Thatcher Times Higher Education Supplement
-- Mark Thatcher Times Higher Education Supplement
Topics
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Frontmatter
i -
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Contents
vii -
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Acknowledgments
ix -
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1 Monopoly as a Contracting Problem
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2 The Choice of Regulatory Strategy
18 - I Regulatory Politics and Dynamics
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3 The Behavior of Regulatory Agencies
37 -
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4 Capture and Instability: Sri Lanka’s Buses and U.S. Telephones
55 -
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5 Incompleteness and Its Consequences: Argentina’s Railroads
84 -
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6 Forestalling Expropriation: Electricity in the Americas
109 - II Contract versus Discretionary Regulation
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7 The Evolution of Concession Contracts: Municipal Franchises in North America
155 -
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8 The Rediscovery of Private Contracts: U.S. Railroad and Airline Deregulation with John R. Meyer
188 -
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9 Price-Cap Regulation: The British Water Industry
217 - III Vertical Unbundling and Regulation
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10 The Trade-off in Unbundling: Competition versus Coordination
245 -
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11 Regulating Coordination: British Railroads
264 -
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12 Designing Capacity Markets: Electricity in Argentina with Martín Rodríguez-Pardina
298 -
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13 The Prospects for Unbundling
326 -
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14 The Future of Regulation
341 -
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Notes
361 -
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Index
419
Publishing information
Pages and Images/Illustrations in book
eBook published on:
July 1, 2009
eBook ISBN:
9780674037809
Pages and Images/Illustrations in book
Main content:
448
eBook ISBN:
9780674037809
Audience(s) for this book
Professional and scholarly;
