Traditional microeconomic theory is concerned with the allocation of scarce resources through the mechanism of prices and markets. The efficient allocation of resources by prices and markets is called allocative efficiency. In emphasizing the allocative function of prices and markets,...

Managing Change in the Postal and Delivery Industries brings together practitioners, postal administrators, the express industry, regulators, economists and lawyers to examine the important policy and regulatory issues facing the postal and delivery industries. This volume reviews such topics as...

The virtual utility (VU) is a flexible collaboration of independent, market-driven entities that provide efficient energy service demanded by consumers without necessarily owning the corresponding assets. The VU becomes a metaphor for lean, flexible electricity production/delivery and flexible,...

The European Commission and its member states are wrestling with the problem of how to implement the scheduled liberalization of the postal sector while maintaining the service obligation. This book addresses some of these concerns. It is comprised of essays chosen from those presented at the...