Optimal Regulation: The Economic Theory of Natural Monopoly

by Kenneth E. Train

Book Overview

Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0262200848
• ISBN13: 9780262200844
• Release Date: August 1991
• Publisher: MIT Press
• Length: 352 Pages
• Weight: 1.60 lbs.
• Dimensions: 1.0" x 6.3" x 9.2"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher

Customer Reviews

Good starter for the field

This is one of the very few textbooks on Natural Monopoly Regulation. The level of presentation is undergraduate, which also means virtually no mathematics. It covers the basics quite well and may be considered as a good starter for the field. The book is full of illustrations that facilitate learning. Contrary to volumes written with the old descrirptive approach, this book teaches the student to think in terms of economic modelling.