Book review

Recently proposed regulations by the Federal Communications Commission would allow cable television firms to import distant television signals into major urban markets, require local origination of programs by the cable system, and set minimum requirements for channel capacity, signal quality,...

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The Federal Communications Commission has enacted final rules for cable television systems in the 100 largest television markets, restricting cable service to a greater degree than previously proposed. Most systems will be limited to importing only two distant television signals. Furthermore,...

This paper describes an incentive mechanism that is shown to enforce the use of Ramsey prices by multiproduct monopolies. The constraint given is simple. It limits information requirements on the regulatory agency to bookkeeping data of the firm. Its implementation could be easily controlled by...

The main results of the sustainability literature on natural monopolies (for example, Panzar and Willig (1977)), are shown to depend on the Bertrand conjecture. First, for the natural monopoly case we prove that industry configurations that are sustainable in the sense of Willig (1980) are...