This paper investigates the effects of alternative forms of regulation on the market penetration and capacity, which are determined by a profit-maximizing monopolist providing priority service to consumers. For continuous priority service, a minimum reliability standard, price cap and rate of...

In March 2010 the Federal Communications Commission (FCC) issued the National Broadband Plan (NBP) detailing strategic proposals to increase broadband availability in the US. One of the sweeping suggestions of the NBP is to convert all incumbent local exchange carriers from rate-of-return (RoR)...

This paper addresses the discussion between economic power and the power of politics with particular focus on financial markets. After general reflections about the economic basis of power, the paper discusses in a general equilibrium framework how financial innovations can lead to risk creation...

This paper presents estimates of the rate of scale economies and technical change in the gas distribution industry with rate of return regulation as firm level in Japan using a translog non-minimum cost function. The result bases on a sample of 9 privately owned firms for the period 1981-1995....

This paper addresses the discussion between economic power and the power of politics with particular focus on financial markets. After general reflections about the economic basis of power, the paper discusses in a general equilibrium framework how financial innovations can lead to risk creation...

In this article we present a method of pricing maximum and minimum fares of leased public utilities. The theoretical ground of such method is the investment valuation theory, which allows us to price financial and real assets. The suggested method applies to leased public transport services...

This paper reviews the economic theories of regulation. It discusses the public and private interest theories of regulation, as the criticisms that have been leveled at them. The extent to which these theories are also able to account for privatization and deregulation is evaluated and policies...

This paper reviews the economic theories of regulation. It discusses the public and private interest theories of regulation, as the criticisms that have been leveled at them. The extent to which these theories are also able to account for privatization and deregulation is evaluated and policies...

Although public transport passengers consider service reliability a key quality aspect, actual services are often not perceived as reliable. To gain insights into how authorities deal with (improving) service reliability, an international survey was performed, showing that very little attention...