Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924

by Werner Troesken

Why Regulate Utilities? informs and revises economic thought about regulation and regulatory change. Showing that state regulation governed the behavior of local politicians as well as utilities, it gives empirical muscle to the idea that regulatory commissions act like administered contracts. Synthesizing and extending the new institutional economics, it builds a comprehensive model of institutional change and political economy. A history book, Why...

• Format: Hardcover
• Language: English
• ISBN: 0472107399
• ISBN13: 9780472107391
• Release Date: October 1996
• Publisher: University of Michigan Press
• Length: 152 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.7" x 6.2" x 9.3"