Over the last 20 years, incentives in general and price caps in particular have breathed new life into public utility regulation. Price caps successfully combine incentives for cost reduction with incentives for more efficient pricing. These properties also facilitate opening public utility...

Several incentive mechanisms have been suggested in the literature to induce regulated monopolists to choose welfare-maximiz ing prices and cost levels for their services. Among the desirable pr operties of such mechanisms is that their application should be contr ollable by third parties...

At the beginning of 2000, the U.S. economy was enjoying the longest period of sustained growth and economic prosperity in its history. According to The Internet Upheaval, part of the explanation for this phenomenon is a consequence of how information technologies, in particular the Internet, are...

Our survey reviews the theoretical and empirical literature on all alternative policies to promote the deployment of new fiber-based communications infrastructure. Since such investment is expected to induce substantial positive externalities, dynamic efficiency becomes a particularly important...

The rapid widespread technological change and concomitant deregulation of network industries has engendered a burgeoning demand for connection between technologically like as well as technologically unlike networks. The processes by which contracts are reached and the nature of these contracts...