This book is distilled from articles presented at two seminars held at Rutgers -- The State University of New Jersey on October 25, 1991, and May 1, 1992, entitled `Economic Innovations in Public Utility Regulations'. These contributions represent the best new research on various topics in...

1 Introduction -- 2 A Non-Bayesian Incentive Mechanism Using Two-Part Tariffs -- 3 Regulating by Capping Prices -- 4 Information, Incentives, and Commitment in Regulatory Mechanisms: Regulatory Innovation in Telecommunications -- 5 Productivity and Price Caps in Telecommunications -- 6 Constant...

I The Institutional Setting for Rate of Return Determination -- 1 Rate of Return in Rate Cases: The Institutional Setting -- 2 Earned Rates of Return, Allowed Rates of Return and the Cost of Capital in a Historical Setting -- II Theory of Rate of Return Determination -- 3 Traditional Models: DCF...

1 Introduction to Competition and the Regulation of Utilities -- 2 The Law and Economics of IntraLATA Competition: 1+ Issues and Access Charge Imputation -- 3 Diversification and Regulated Monopoly -- 4 Predatory Pricing Safeguards and Telecommunications Regulation -- 5 Oil Pipeline Rates: A...

1 Rowland Hill’s Contribution as an Economist -- 2 International Postal Reform: An Application of the Principles of Rowland Hill to the International Postal System -- 3 Peak-Load Pricing of Postal Service and Competition -- 4 Assessing the Welfare Effects of Entry into Letter Delivery -- 5...

1 Introduction and Overview -- 2 Political Competition Among Interest Groups -- 3 Bootleggers and Baptists in the Market for Regulation -- 4 Partial Regulation of Natural Monopoly -- 5 The Political Economy of Risk Communication Policies for Food and Alcoholic Beverages -- 6 Economic...

and Statement of Purpose -- 1 The Inefficacy of Profit Level Regulation for the Natural Monopoly Markets of Diversified Firms -- A. An Economic Overview -- B. A Legal Overview -- 2 The Welfare Ingredients of Price Level Regulation: Incentives and Decisional Options -- A. The Firm’s Incentives...