Klevorick, Alvin K. - In: Bell Journal of Economics 2 (1971) 1, pp. 122-153
A rather extensive literature has developed that analyzes the behavior of the profit-maximizing regulated firm using the model introduced by H. Averch and L.L. Johnson (A-J). Taking the value of the fair rate of return as exogenously given, this set of papers has provided a rather complete and...