{"title":"Topics In Regulatory Economics And Policy","description":"\u003cp\u003eDelve into the world of regulatory economics and policy with this insightful series. Explore key topics and debates shaping industries and governance worldwide. Essential reading for academics and policymakers alike.\u003c\/p\u003e","products":[{"product_id":"political-economy-of-rent-seeking-book-charles-rowley-9780898382419","title":"The Political Economy of Rent-Seeking","description":"It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com­ plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy­ tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49585830363409,"sku":"GOR013088874","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52136112259345,"sku":"NLS9780898382419","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0898382416.jpg?v=1751045180"},{"product_id":"contribution-of-the-postal-and-delivery-sector-book-pier-luigi-parcu-9783319706719","title":"The Contribution of the Postal and Delivery Sector","description":"This book addresses major issues facing postal and delivery services throughout the world. Worldwide, there is currently a considerable amount of interest in postal and delivery economics. The industry is in a state of near crisis and drastic change is needed. The European Commission and member States are still wrestling with the problem of how to implement entry liberalization into postal markets, how to address digital competition, and how to maintain the universal service obligation (USO). The Postal Accountability and Enhancement Act of 2006 in the U.S. has perhaps created and exacerbated the problems faced by USPS.   Post Offices (POs) have been slow to address the threat of electronic competition. On the other hand, e-commerce presents opportunities for POs to expand their presence in parcel delivery and perhaps help finance or redefine the USO. A major aim of this book is to address strategies POs can use to reinvent themselves for the digital age.This book compiles original essays by prominent researchers in the field, which will be selected and edited from papers presented at the 25th Conference on Postal and Delivery Economics held in Barcelona, Spain, May 24-27, 2017. That conference, and this volume, commemorates the memory of Michael Crew who organized twenty-four prior conferences and co-edited previous conference volumes.  This book is a useful tool not only for graduate students and professors, but also for postal administrations, consulting firms, and Federal Government departments.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49737790456081,"sku":"NGR9783319706719","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":53521844928785,"sku":"NLS9783319706719","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/3319706713.jpg?v=1750966757"},{"product_id":"electricity-pricing-in-transition-book-ahmad-faruqui-9780792376002","title":"Electricity Pricing in Transition","description":"Electricity Pricing In Transition is written to address the new issues facing utilities, retailers, regulators, and customers in the changing electricity market. It is organized into five sections. Section I deals with the new restructured organization that has emerged from yesterday's vertically integrated, regulated monopoly company. Section II deals with issues in competitive pricing. Section III reviews the role of demand response and product design in today's chaotic marketplace. Given the single importance of California's energy crisis and the fact that it will be studied for years to come, Section IV is devoted to studying the lessons learned from this crisis. The final section of the book deals with markets and regulations.   This book will provide practitioners with guidance on how to avoid the major pitfalls in pricing electricity while the market is in transition by drawing upon the insights and lessons learned from the experience of others that are documented in this book.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":49799480148241,"sku":"CIN0393970604G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50305246527761,"sku":"CIN0393970604VG","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52485990973713,"sku":"NLS9780792376002","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0393970604.jpg?v=1750746016"},{"product_id":"price-level-regulation-for-diversified-public-utilities-book-jordan-j-hillman-9780792390282","title":"Price Level Regulation for Diversified Public Utilities","description":null,"brand":"WoB","offers":[{"title":"US \/ NEW \/ INGRAM","offer_id":51007228018961,"sku":"NIN9780792390282","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52148049903889,"sku":"NLS9780792390282","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0792390288.jpg?v=1750786164"},{"product_id":"obtaining-the-best-from-regulation-and-competition-book-michael-a-crew-9781402076626","title":"Obtaining the best from Regulation and Competition","description":"Deregulation has introduced competition into traditionally monopolistic markets, particularly telecommunications and electric utilities. This book brings together ten essays that were presented at the Center for Research in Regulated Industries at Rutgers University and funded by several regulated companies. The authors, who include young scholars as well as established and highly regarded consultants and researchers, address some of the major issues now facing network industries and regulators - deregulation, competition, stranded assets, diversification, pricing, and mergers and acquisitions.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51024467165457,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51024469721361,"sku":"NIN9781402076626","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52151142973713,"sku":"NLS9781402076626","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1402076622.jpg?v=1751240118"},{"product_id":"political-economy-of-government-regulation-book-jason-f-shogren-9781461282129","title":"The Political Economy of Government Regulation","description":null,"brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51027521503505,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51027525533969,"sku":"NIN9781461282129","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52142005747985,"sku":"NLS9781461282129","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1461282128.jpg?v=1750757193"},{"product_id":"postal-strategies-book-pier-luigi-parcu-9783031253645","title":"Postal Strategies","description":"This edited book includes original essays by prominent researchers and practitioners in the field of postal and delivery economics, originally presented at the 30th Conference on Postal and Delivery Economics held in Rimini, Italy, May 25–27, 2022. The central foci of the book are the role of digital platforms in the postal sector and the impact of vertically integrated firms in delivery markets. Other important topics include the regulation of parcels and their environmental footprint, in light of the innovations affecting the so-called last mile, and the effects of the COVID-19 pandemic on the postal sector, on both the global and local levels. Chapters also discuss traditional topics for postal and delivery sectors, including postal costs, the funding of Universal Service Obligation (USO) and the related role of Universal Service Providers. This book is a useful tool not only for graduate students and professors interested in postal and regulatory economics but also for postal administrations, consulting firms, and federal government departments.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51607912349969,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":51607912546577,"sku":"NGR9783031253645","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/3031253647.jpg?v=1751063626"},{"product_id":"contribution-of-the-postal-and-delivery-sector-book-pier-luigi-parcu-9783030099800","title":"The Contribution of the Postal and Delivery Sector","description":"This book addresses major issues facing postal and delivery services throughout the world. Worldwide, there is currently a considerable amount of interest in postal and delivery economics. The industry is in a state of near crisis and drastic change is needed. The European Commission and member States are still wrestling with the problem of how to implement entry liberalization into postal markets, how to address digital competition, and how to maintain the universal service obligation (USO). The Postal Accountability and Enhancement Act of 2006 in the U.S. has perhaps created and exacerbated the problems faced by USPS.   Post Offices (POs) have been slow to address the threat of electronic competition. On the other hand, e-commerce presents opportunities for POs to expand their presence in parcel delivery and perhaps help finance or redefine the USO. A major aim of this book is to address strategies POs can use to reinvent themselves for the digital age.This book compiles original essays by prominent researchers in the field, which will be selected and edited from papers presented at the 25th Conference on Postal and Delivery Economics held in Barcelona, Spain, May 24-27, 2017. That conference, and this volume, commemorates the memory of Michael Crew who organized twenty-four prior conferences and co-edited previous conference volumes.  This book is a useful tool not only for graduate students and professors, but also for postal administrations, consulting firms, and Federal Government departments.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51717934317841,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":51717934874897,"sku":"NGR9783030099800","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/3030099806.jpg?v=1751317236"},{"product_id":"health-care-policy-and-regulation-book-thomas-a-abbott-iii-9780792395409","title":"Health Care Policy and Regulation","description":"5 care reforms. Part I: Price Regulation The second partofthis volume examines the role ofprice regulation in controlling health care costs. It contains three chapters. In chapter seven, I examine the alternatives for regulating pharmaceutical prices. In chapter eight, Jack Hadley examines the impactofvarious forms ofhospital price regulation; while in chapter nine, MarkPaulyexaminestheroleofpriceregulation incontrollingphysician fees. Chapter seven focuses on the issue of regulating pharmaceutical prices. There are two key issues examined in this paper. First, is there a clear need for price regulation, and second, can price regulation work in this industry? In response to the first question, I come to the conclusion that the proponents ofprice regulation have not really proven their case. Although the financial returns in the pharmaceu tical industry have been slightly higher than expected during the 1970s and 1980s, there is not overwhelming evidence ofprice gouging or excessive profits on the part of the industry. In response to the second question, the answer is clearly no. The traditional approaches to price regulation will not have the intended affect of eliminating excess profits from the industry while maintaining the incentives for research and development. First, rate-of-return regulation, the most natural approach, would result in many adverse incentives-includingexcessive investment in research and developmentinorderto inflatetheratebaseused tocalculatedtheallowablereturns.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52089157452049,"sku":"NLS9780792395409","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792395409.jpg?v=1756906004"},{"product_id":"regulation-and-the-nature-of-postal-and-delivery-services-book-michael-a-crew-9780792393016","title":"Regulation and the Nature of Postal and Delivery Services","description":"This book is based on a conference on `Regulation and the  Evolving Nature of Postal and Delivery Services: 1992 and Beyond' held  at Village PTT, La Londe les Maures, France, on March 18, 1992.  Leading practitioners, worldwide postal administrations, and the  express delivery industry, as well as a number of regulators, academic  economists, and lawyers examine the important policy and regulatory  issues facing the postal and delivery industries. This includes such  issues as: international postal policy and the role of the Universal  Postal Union; regulation and terminal dues; competition, entry and the  role of scale and scope economies; the nature and role of costs  analysis in postal service; productivity; and service standards.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52123038777617,"sku":"NLS9780792393016","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792393016.jpg?v=1757445646"},{"product_id":"regulating-power-book-carl-pechman-9780792393474","title":"Regulating Power","description":"Examines the economics of an industry that has become a critical component of modern life - the electric utility industry. The public nature of electricity has affected the development of the industry, both private and public. While this book focuses on private utilities, it recognizes the potential for a resurgence of public ownership. The objective of the book is to examine factors that will affect the evolution of markets for power. Of critical importance is the role of information, which is required for making and evaluating decisions in power markets. This book demonstrates that utilities can exploit information as a source of market power, impeding the development of more competitive and efficient markets. To a large extent the source of the utilities' market power is the ability to specify computer models used in the planning, pricing and operation of markets for electricity. A number of concepts related to the use and control of information and models are developed in this book.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52123047592209,"sku":"NLS9780792393474","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792393474.jpg?v=1757445777"},{"product_id":"changing-postal-and-delivery-sector-book-michael-crew-9783319460451","title":"The Changing Postal and Delivery Sector","description":"This book will be of interest to postal operators, regulatory commissions, consulting firms, competitors and customers, experts in the postal economics, law, and business, and those charged with the responsibility for designing and implementing postal sector policies.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52124701491473,"sku":"NLS9783319460451","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783319460451.jpg?v=1757458421"},{"product_id":"pricing-and-regulatory-innovations-under-increasing-competition-book-michael-a-crew-9780792398103","title":"Pricing and Regulatory Innovations Under Increasing Competition","description":"This volume focuses on incentive regulation and competition.  While much of the regulatory action is taking place in  telecommunications, the impact of competition and the resultant  regulatory change is being felt in other traditional public utilities  including electricity. The book reviews topics including price caps,  incentive regulation, market structure and new regulatory  technologies.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52125032874257,"sku":"NLS9780792398103","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792398103.jpg?v=1757461389"},{"product_id":"regulation-and-economic-analysis-book-rl-gordon-9780792327905","title":"Regulation and Economic Analysis","description":"Regulation and Economic Analysis: A Critique Over Two  Centuries argues that long experience with the practice of  regulation creates a broad anti-intervention consensus among  economists. This consensus is based on comparison of real intervention  to real markets rather than an ideological preconception. It is shown  that economic theory can support all possible positions on  intervention. Much theory is too abstract to support any policy  position; many arguments about how intervention might help contain  qualifications expressing doubts about whether the potential can be  realized; many theories illustrate the drawbacks of intervention. The  vast literature on these issues concentrates either on specific cases  or polemics that exaggerate both sides of the argument.    Regulation and Economic Analysis seeks to show the depth of the  discontent, develop interpretations of economic theory that follow  from skepticism about statism and provide selected illustrations. The  discussion begins with examination of general equilibrium theory and  proceeds to discuss market failure with stress on monopoly and  particularly what is deemed excessive concern with predatory behavior.  International trade issues, transaction costs, property rights,  economic theories of government, the role of special institutions such  as contracts, the defects of macroeconomic and equity arguments for  regulating individual markets, environmental economics and the defects  of public land management policies are examined.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52125789520145,"sku":"NLS9780792327905","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792327905.jpg?v=1757468626"},{"product_id":"incentive-regulation-and-the-regulation-of-incentives-book-glenn-blackmon-9780792394709","title":"Incentive Regulation and the Regulation of Incentives","description":"The class is theory of price regulation assumed that the regulator knows the fIrm's costs, the key piece of information that enables regulators to pressure fmns to choose appropriate behaviors. The regulatory problem was reduced to a mere pricing problem: the regulator's goal was to align price with marginal cost, subject to the constraint that revenues must cover costs. Elegant and important insights ensued. The most important was that regulation was inevitably a struggle to achieve second-best outcomes. (Ramsey pricing was a splendid example. ) Reality proved harsh to regulatory theory. The fmn's costs are by no means known to the regulator. At best, the regulator may know how much is currently spent to provide services, but hardly what costs would be if the fmn vigorously pursued effIciency. Even if the current cost curve were known to the regulator, technologies change so swiftly that today's costs are a very poor indicator of tomorrow's, and those are the costs that will determine the fIrm's future decisions. With the burgeoning attention to information considerations and game theory in economics, the regulator's problem of eliciting host information about cost has received considerable attention. In most cases, however, it has been in context that are both static and stylized; such analyses rarely capture many of the essential elements of real world regulatory issues. This volume represents a fresh approach. It reflects Glenn Blackmon's twin strengths, a keen analytic mind and important experience in the regulatory arena.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52125975216401,"sku":"NLS9780792394709","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792394709.jpg?v=1757470450"},{"product_id":"regulation-and-macroeconomic-performance-book-brian-l-goff-9780792396840","title":"Regulation and Macroeconomic Performance","description":"This project grew out of a recognition that I could fmd no aggregate measure of the amount of regulation beyond crude proxies such as the number of pages in the Federal Register.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52126069358865,"sku":"NLS9780792396840","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792396840.jpg?v=1757471729"},{"product_id":"catastrophe-insurance-book-martin-f-grace-9781461348672","title":"Catastrophe Insurance","description":"1. THE PROBLEM OF CATASTROPHE RISK The risk of large losses from natural disasters in the U.S. has significantly increased in recent years, straining private insurance markets and creating troublesome problems for disaster-prone areas. The threat of mega-catastrophes resulting from intense hurricanes or earthquakes striking major population centers has dramatically altered the insurance environment. Estimates of probable maximum losses (PMLs) to insurers from a mega­ catastrophe striking the U.S. range up to $100 billion depending on the location and intensity of the event (Applied Insurance Research, 2001).1 A severe disaster could have a significant financial impact on the industry (Cummins, Doherty, and Lo, 2002; Insurance Services Office, 1996a). Estimates of industry gross losses from the terrorist attack on September 11, 2001 range from $30 billion to $50 billion, and the attack's effect on insurance markets underscores the need to understand the dynamics of the supply of and the demand for insurance against extreme events, including natural disasters. Increased catastrophe risk poses difficult challenges for insurers, reinsurers, property owners and public officials (Kleindorfer and Kunreuther, 1999). The fundamental dilemma concerns insurers' ability to handle low-probability, high-consequence (LPHC) events, which generates a host of interrelated issues with respect to how the risk of such events are 1 These probable maximum loss (PML) estimates are based on a SOD-year \"return\" period.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52126404509969,"sku":"NLS9781461348672","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461348672.jpg?v=1757475968"},{"product_id":"competition-and-the-regulation-of-utilities-book-michael-a-crew-9780792390831","title":"Competition and the Regulation of Utilities","description":"companies to diversify may outweigh the costs of doing so, and that some traditional regulatory concerns may be excessively restrictive. The papers by Hillman, Harris, and Jang and Norsworthy, while all relating to individual industries, have lessons for other regulated industries. Hillman's paper, Oil Pipeline Rates: A Case for Yardstick Regulation, deals with the important topic of yardstick regulation for oil pipelines. While his application is highly specific, the potential application of yardstick regulation goes beyond oil pipelines. He reviews the evolution in the law regulating oil pipelines. While showing that some progress has been made in introducing economic efficiency considerations into regulation, he provides a careful critique of the operation of existing regulation and suggests an alternative based upon a yardstick approach. His approach seeks to use competitive market prices as the yardstick, with administration of price discrimination limited to dealing with possible favoritism to subsidiaries and affiliates. Telecommunications Services as a Strategic Industry: Implications for United States Public Policy by Harris and Productivity Growth and Technical Change in the United States Telecommunications Equipment Manufacturing Industries by Jang and Norsworthy provide important insights for telecommunications.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52126945542417,"sku":"NLS9780792390831","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792390831.jpg?v=1757481414"},{"product_id":"managing-change-in-the-postal-and-delivery-industries-book-michael-a-crew-9781461379027","title":"Managing Change in the Postal and Delivery Industries","description":"Managing Change in the Postal and Delivery Industries  brings together practitioners, postal administrators, the express  industry, regulators, economists and lawyers to examine the important  policy and regulatory issues facing the postal and delivery  industries. This volume reviews such topics as international postal  policy, the universal service obligation, regulation and competition,  entry and the role of scale and scope economics, cost analysis in  postal services, and service standards. This book provides a unique  perspective on the problems facing postal and delivery networks.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52126970839313,"sku":"NLS9781461379027","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461379027.jpg?v=1757481712"},{"product_id":"markets-pricing-and-deregulation-of-utilities-book-michael-a-crew-9780792375692","title":"Markets, Pricing, and Deregulation of Utilities","description":"Markets, Pricing, and Deregulation of Utilities examines the effects of deregulation on the energy and telecommunications industries in an economic environment that has changed dramatically since deregulation was first introduced in those industries several years ago. The contributors to this book discuss the aspects of deregulation that appear to be succeeding and those that seem to be failing. Within that framework, they offer insight as to the possible next stages of regulatory restructuring and reform. The contents of this book provide a strong theoretical base leading to a better understanding of markets, pricing, and deregulation by utility managers, regulators, and economists.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52128121717009,"sku":"NLS9780792375692","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792375692.jpg?v=1757489570"},{"product_id":"economics-of-the-antitrust-process-book-mb-coate-9780792397311","title":"The Economics of the Antitrust Process","description":"This book focuses on the antitrust process and how that process  affects the efficiency of antitrust law enforcement. The contributors  share a wide range of experiences in the antitrust process, including  academia, the legal environment, and both private and public sectors.  The book deals first with merger activities, followed by non-merger  enforcement initiatives and concludes with an examination of the  future role of antitrust.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52130080653585,"sku":"NLS9780792397311","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792397311.jpg?v=1757501936"},{"product_id":"x-efficiency-theory-evidence-and-applications-book-roger-s-frantz-9780792397687","title":"X-Efficiency: Theory, Evidence and Applications","description":"My interest in X-Efficiency (XE) dates back to 1978. At the time, I was writing the dissertation for my Ph. D. at Washington State University. My dissertation was concerned with the role of attitudes in the school-to-work transition among young men. I was advised by Professor Millard Hastay (a member of my committee) to look at Leibenstein's new book, Beyond Economic Man. One of the things that caught my attention was his behavioral description of (selective) rationality. It seemed that Leibenstein' s behavioral description of a (selectively) rational individ- ual was very similar to what psychologists such as Abraham Maslow were reporting as being the product of a particular motivational system. In other words, I was impressed with the idea that what Leibenstein was referring to as X-inefficiency was being discussed by psychologists as the way it (often) is.  So from the beginning I always considered the concept ofX-(in)efficiency to be a valuable one for understanding human behavior. I have since come to believe that this is particularly true when considering behavior in non-market environments, i. e., within the firm. Work on this book, however, can most realistically said to have started with work which I began in 1982 while I was a Visiting Scholar at Harvard University. Professor Leibenstein suggested that I consider how some empirical evidence which was being cited as evidence for the role of property rights might also be consistent with XE theory. (The consistency, in both directions, is considerable.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52131457925393,"sku":"NLS9780792397687","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792397687.jpg?v=1757510330"},{"product_id":"regulation-under-increasing-competition-book-michael-a-crew-9780792383673","title":"Regulation Under Increasing Competition","description":"Regulation Under Increasing Competition brings together  practitioners, regulators, and economists to examine the important  policy and regulatory issues facing the telecommunications and  electricity industries. This volume reviews such topics as competitive  entry, stranded costs, pricing and market mechanisms. It provides a  unique perspective on problems in a newly deregulated environment.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52131735339281,"sku":"NLS9780792383673","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792383673.jpg?v=1757512251"},{"product_id":"price-caps-and-incentive-regulation-in-telecommunications-book-michael-a-einhorn-9780792391135","title":"Price Caps and Incentive Regulation in Telecommunications","description":"Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company's costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility's rate base and cross-subsidization of its competitive services. A category of alternative regulatory approaches can be classified broadly as social contracts. Under the general strategy of social contract regulation, regulators first delimit a group of regulated core services that they continue to regulate and then stipulate a list of constraints that the utility must agree to meet in the future; in exchange, regulators agree to detariff or deregulate entirely other competitive or nonessential services that the utility may offer. As long as no stipulated constraints are violated, the utility may price freely any service; if it reduces costs, it may keep a share of its profits. According to the National Telecommunications Information Administration (NTIA, 1987), social contract agreements of one form or another have been considered or implemented in a majority of American states.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52135347290385,"sku":"NLS9780792391135","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":53588759511313,"sku":"NIN9780792391135","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792391135.jpg?v=1757548578"},{"product_id":"price-level-regulation-for-diversified-public-utilities-book-jordan-j-hillman-9781461289005","title":"Price Level Regulation for Diversified Public Utilities","description":null,"brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52135436255505,"sku":"NLS9781461289005","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461289005.jpg?v=1757549053"},{"product_id":"regulatory-risk-economic-principles-and-applications-to-natural-gas-pipelines-an-book-a-lawrence-kolbe-9780792393306","title":"Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries","description":"However, this book develops a new theory of asymmetric  regulatory risk that shows that infallible estimates of the cost of  capital are sure to provide downward-biased estimates of the necessary  allowed rates of return in the presence of such regulatory risks.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52135563657489,"sku":"NLS9780792393306","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792393306.jpg?v=1757549709"},{"product_id":"economics-of-postal-service-book-michael-a-crew-9780792392743","title":"The Economics of Postal Service","description":"Postal service has received considerably less attention in the  economics literature than traditional public utilities. Postal service  is facing some very important challenges arising out of the  increasingly high-tech nature of postal service, the entry of  competition into the business, and new attitudes on the part of  government to postal service. In the United Kingdom and Germany the  increased interest in privatization and recognition of the benefits of  competition are likely to have an impact on postal service. These  challenges mean that postal managers must learn new ways of doing  business, not just in successfully introducing new hardware and in new  internal operating procedures, but also in the development of new  pricing and costing methodologies and in the introduction of new  management information systems.    In order to deal with these new developments managers need a solid  foundation in applied microeconomic theory as it relates to postal  service. This book encompasses the theoretical foundation for postal  policy, particularly with regard to pricing, service quality, and  competitive issues.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52135715012881,"sku":"NLS9780792392743","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792392743.jpg?v=1757550506"},{"product_id":"competition-and-innovation-in-postal-services-book-michael-a-crew-9780792391470","title":"Competition and Innovation in Postal Services","description":"Any Chainnan of the British Post Office dwells in the shadow of Rowland Hill, and, if he were an honest man, he probably from time to time, while singing the praises of Rowland Hill, as is his due, thinks a silent thought of sympathy for his predecessor Colonel Maberly, the head of the Post Office, the Champion of established orthodoxy, the leader of the Professionals, who had to endure the irresistible force of Hill's arguments combined with his skills as a pamphleteer, agitator, and political propagandist. My favorite passage of the book Royal Mail by Martin Daunton (1985) shows how much the Post Office of the day needed a Rowland Hill to challenge Colonel Maberly and all that he stood for. I quote from a passage describing how the Colonel, when he arrived at about 11:00 a.m. and while enjoying his breakfast, listened to his private secretary reading the morning's correspondence. Daunton records: The Colonel, still half engaged with his private correspondence, would hear enough to make him keep up a rumring commentary of disparaging grunts, Pooh  stuff  upon my soul  etc.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52135915651345,"sku":"NLS9780792391470","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792391470.jpg?v=1757551609"},{"product_id":"competitive-transformation-of-the-postal-and-delivery-sector-book-michael-a-crew-9781461347187","title":"Competitive Transformation of the Postal and Delivery Sector","description":"Competitive Transformation of the Postal and Delivery Sector is an indispensable source of information and analysis on the current state of the postal and delivery sector. It offers current insights of leading researchers and practitioners into strategy and regulation as well as the economics of this sector. Issues addressed include national and international perspectives, financial viability, the universal service obligation, regulation, competition, entry, the role of scale and scope economies, the nature and role of cost and demand analysis in postal service, productivity, interaction of law and economics, human resources, transition and reform issues. The papers in the book were selected from the papers presented at the 11th Conference on Postal and Delivery Economics, Toledo, Spain, June 4-7, 2003.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52141298843921,"sku":"NLS9781461347187","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":52953460572433,"sku":"NIN9781461347187","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461347187.jpg?v=1757576955"},{"product_id":"future-directions-in-postal-reform-book-michael-a-crew-9781461356707","title":"Future Directions in Postal Reform","description":"Future Directions in Postal Reform brings together  leading practitioners, world-wide postal administrations, and the  courier industry, as well as a number of regulators, academic  economists, mailers, and lawyers, to examine some of the major policy  and regulatory issues facing the postal and delivery industry. Issues  addressed include international postal policy; the universal service  obligation; regulation; competition, entry, and the role of scale and  scope economies; the nature and role of cost analysis in postal  service; productivity; interaction of law and economics; and future  technologies and service standards.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52141727219985,"sku":"NLS9781461356707","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461356707.jpg?v=1757577983"},{"product_id":"new-investment-theory-of-real-options-and-its-implication-for-telecommunications-book-james-j-alleman-9781475771848","title":"The New Investment Theory of Real Options and its Implication for Telecommunications Economics","description":"Randall B, Lowe Piper \u0026amp; Marbury, L.L.R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex­ change carriers, as well as for universal service funding. The U.S. telecommunications world was a simple one before the emergence of competition, comprising only AT\u0026amp;T and independent local exchange carriers. Costs were allocated between intrastate and interstate jurisdictions and then again, between intrastate local and toll. The Bell System then divided those costs among itself (using a process referred to as the division of revenues) and independents (using a process called settlements). Tolls subsidized local calls to keep the politi­ cians happy, and the firm, as a whole, covered its costs and made a fair return. State regulators, however, lacked the wherewithal to audit this process. Their con­ cerns centered generally on whether local rates, irrespective of costs, were at a po­ litically acceptable level. Although federal regulators were better able to determine the reasonableness of the process and the resulting costs, they adopted an approach of \"continuous surveillance\" where, like the state regulator, the appearance of rea­ sonableness was what mattered. With the advent of competition, this historical costing predicate had to change. The Bell System, as well as the independents, were suddenly held accountable.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52141895418129,"sku":"NLS9781475771848","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781475771848.jpg?v=1757578621"},{"product_id":"deregulation-and-diversification-of-utilities-book-michael-a-crew-9781468468991","title":"Deregulation and Diversification of Utilities","description":null,"brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52142426358033,"sku":"NLS9781468468991","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781468468991.jpg?v=1757580103"},{"product_id":"regulating-power-the-economics-of-electrictiy-in-the-information-age-book-carl-pechman-9781461364337","title":"Regulating Power: The Economics of Electrictiy in the Information Age","description":"Modem industrial society functions with the expectation that electricity will be available when required. By law, electric utilities have the obligation to provide electricity to customers in a safe and adequate manner. In exchange for this obligation, utilities are granted a monopoly right to provide electricity to customers within well-defmed service territories. However, utilities are not unfettered in their monopoly power; public utility commissions regulate the relationship between a utility and its customers and limit profits to a fair rate of return on invested capital.  From its inception through the late 1970s, the electric utility industry's opera- tional paradigm was to continue marketing electricity to customers and to build power plants to meet customer needs. This growth was facilitated by a U. S. energy policy predicated upon the assumption that sustained electric growth was causally linked to social welfare (Lovins, 1977). The electric utility industry is now in transition from a vertically integrated monopoly to a more competitive market. Of the three primary components (generation, transmission, and distribution) of the traditional vertically integrated monopoly, generation is leading this transformation. The desired outcome is a more efficient market for the provision of electric service, ultimately resulting in lower costs to customers. This book focuses on impediments to this transformation. In partiCUlar, it argues that information control is a form of market power that inhibits the evolution of the market. The analysis is presented within the context of the transformation of the U. S.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52142734246161,"sku":"NLS9781461364337","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461364337.jpg?v=1757581359"},{"product_id":"pricing-and-regulatory-innovations-under-increasing-competition-book-michael-a-crew-9781461378679","title":"Pricing and Regulatory Innovations Under Increasing Competition","description":"This volume focuses on incentive regulation and competition.  While much of the regulatory action is taking place in  telecommunications, the impact of competition and the resultant  regulatory change is being felt in other traditional public utilities  including electricity. The book reviews topics including price caps,  incentive regulation, market structure and new regulatory  technologies.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52142864138513,"sku":"NLS9781461378679","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461378679.jpg?v=1757581680"},{"product_id":"x-efficiency-theory-evidence-and-applications-book-roger-s-frantz-9781461338017","title":"X-Efficiency: Theory, Evidence and Applications","description":"My interest in X-Efficiency (XE) dates back to 1978. At the time, I was writing the dissertation for my Ph. D. at Washington State University. My dissertation was concerned with the role of attitudes in the school-to-work transition among young men. I was advised by Professor Millard Hastay (a member of my committee) to look at Leibenstein's new book, Beyond Economic Man. One of the things that caught my attention was his behavioral description of (selective) rationality. It seemed that Leibenstein' s behavioral description of a (selectively) rational individ- ual was very similar to what psychologists such as Abraham Maslow were reporting as being the product of a particular motivational system. In other words, I was impressed with the idea that what Leibenstein was referring to as X-inefficiency was being discussed by psychologists as the way it (often) is.  So from the beginning I always considered the concept ofX-(in)efficiency to be a valuable one for understanding human behavior. I have since come to believe that this is particularly true when considering behavior in non-market environments, i. e., within the firm. Work on this book, however, can most realistically said to have started with work which I began in 1982 while I was a Visiting Scholar at Harvard University. Professor Leibenstein suggested that I consider how some empirical evidence which was being cited as evidence for the role of property rights might also be consistent with XE theory. (The consistency, in both directions, is considerable.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52143117205777,"sku":"NLS9781461338017","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781461338017.jpg?v=1757583048"},{"product_id":"new-investment-theory-of-real-options-and-its-implication-for-telecommunications-book-james-j-alleman-9780792377344","title":"The New Investment Theory of Real Options and its Implication for Telecommunications Economics","description":"Randall B, Lowe Piper \u0026amp; Marbury, L.L.R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex­ change carriers, as well as for universal service funding. The U.S. telecommunications world was a simple one before the emergence of competition, comprising only AT\u0026amp;T and independent local exchange carriers. Costs were allocated between intrastate and interstate jurisdictions and then again, between intrastate local and toll. The Bell System then divided those costs among itself (using a process referred to as the division of revenues) and independents (using a process called settlements). Tolls subsidized local calls to keep the politi­ cians happy, and the firm, as a whole, covered its costs and made a fair return. State regulators, however, lacked the wherewithal to audit this process. Their con­ cerns centered generally on whether local rates, irrespective of costs, were at a po­ litically acceptable level. Although federal regulators were better able to determine the reasonableness of the process and the resulting costs, they adopted an approach of \"continuous surveillance\" where, like the state regulator, the appearance of rea­ sonableness was what mattered. With the advent of competition, this historical costing predicate had to change. The Bell System, as well as the independents, were suddenly held accountable.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52145149477137,"sku":"NLS9780792377344","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792377344.jpg?v=1757592265"},{"product_id":"postal-and-delivery-services-book-michael-a-crew-9780792376385","title":"Postal and Delivery Services","description":"When Postmaster General Creswell penned his concern about the impact 2 of electronic diversion on his postal organization, the year was 1872. General Creswell, it turned out, fretted unnecessarily. Facsimile did not achieve commercial viability until roughly a century after his tenure as Postmaster General and today that technology is fading rapidly from the communication scene. Moreover, it never appears to have significantly affected physical letter volumes. However, if General Creswell were leading a major postal organization today, he likely would feel threatened by the potential of Internet communication to cause electronic diversion of physical mail. Should recent technology developments cause the oft-predicted (but so far incorrect) inflection point that would mark the beginning of declining mail volumes. the implications from a management standpoint will be profound. The relatively fixed nature of postal costs suggest that volume declines must be offset though improved productivity, reduced cost of inputs, revenue from new products that share common costs, or reduced level of universal service.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52147355255057,"sku":"NLS9780792376385","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792376385.jpg?v=1757600265"},{"product_id":"opening-networks-to-competition-book-david-gabel-9780792380191","title":"Opening Networks to Competition","description":"David Gabel and David F. Weiman The chapters in this volwne address the related problems of regulating and pricing access in network industries. Interconnection between network suppliers raises the important policy questions of how to sustain competition and realize economic efficiency. To foster rivalry in any industry, suppliers must have access to customers. But unlike in other sectors, the very organization of network industries creates major impediments to potential entrants trying to carve out a niche in the market. In traditional sectors such as gas, electric, rail, and telephone services, these barriers take the form of the large private and social costs necessary to duplicate the physical infrastructure of pipelines, wires, or tracks. Few firms can afford to finance such an undertaking, because the level of sunk costs and the very large scale economies make it extremely risky. In other newer sectors, entrants face less tangible but no less pressing constraints. In the microcomputer industry, for example, high switching costs can prevent users from experimenting with alternative, but perhaps more efficient hardware platforms or operating systems. Although gateway technologies can reduce these barriers, the installed base of an incumbent can create powerful bandwagon effects that reinforce its advantage (such as the greater availability of compatible peripherals and software applications). In the era of electronic banking, entrants into the automated teller machine- (A TM) and credit card markets face a similar problem of establishing a ubiquitous presence.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52147451724049,"sku":"NLS9780792380191","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792380191.jpg?v=1757600559"},{"product_id":"telecommunications-act-of-1996-the-costs-of-managed-competition-book-dale-e-lehman-9780792379577","title":"The Telecommunications Act of 1996: The Costs of Managed Competition","description":"The Telecommunications Act of 1996 envisioned a competitive  free-for-all in the U.S. telecommunications industry with removal of  barriers to entry in local telecommunications markets and the lifting  of the artificial restrictions that kept the Regional Bell Operating  Companies (RBOCs) out of the interLATA long-distance market.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52148210991377,"sku":"NLS9780792379577","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792379577.jpg?v=1757602932"},{"product_id":"forecasting-the-internet-book-david-g-loomis-9780792375463","title":"Forecasting the Internet","description":"David O. Loomis Illinois State University The explosive growth of the Internet has caught most industry experts off guard. While data communications was expected to be the wave of the future, few industry observers foresaw how rapid the change in focus from voice communications towards data would be. Understanding the data communications revolution has become an urgent priority for many in the telecommunications industry. Demand analysis and forecasting are critical tools to understanding these trends for both Internet access and Internet backbone service. Businesses have led residential customers in the demand for data services, but residential demand is currently increasing exponentiall y. Even as business demand for data communications is becoming better understood, residential broadband access demand is still largely unexplored. Cable modems and ADSL appear to be the current residential broadband choices yet demand elasticities and econometric model-based forecasts for these services are not currently available. The responsiveness of customers to price and income changes and customer's perceptions of the tradeoff in product characteristics between cable modems and ADSL is largely unknown. Demand for Internet access is derived from the demand for applications which utilize this access; access is not demanded independent of its usage. Thus it is important to understand Internet applications in order to understand the demand for access.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52148227801361,"sku":"NLS9780792375463","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792375463.jpg?v=1757602983"},{"product_id":"pricing-in-competitive-electricity-markets-book-ahmad-faruqui-9780792378396","title":"Pricing in Competitive Electricity Markets","description":"Electricity markets are being deregulated or face new  regulatory frameworks. In such changing markets, new pricing  strategies will need to consider such factors as cost, value of  service and pricing by objective. Pricing in Competitive  Electricity Markets introduces a new family of pricing concepts,  methodologies, models, tools and databases focused on market-based  pricing. This book reviews important theoretical pricing issues as  well as practical pricing applications for changing electricity  markets.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52148418642193,"sku":"NLS9780792378396","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792378396.jpg?v=1757603525"},{"product_id":"virtual-utility-book-shimon-awerbuch-9780792399025","title":"The Virtual Utility","description":"In the winter of 1996, after 4 years of planning and research, the Symposium on the Virtual Utility was held in Saratoga Springs, New York.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52148620230929,"sku":"NLS9780792399025","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792399025.jpg?v=1757604117"},{"product_id":"economic-innovations-in-public-utility-regulation-book-michael-a-crew-9780792392699","title":"Economic Innovations in Public Utility Regulation","description":"Features contributions that represent the best research on various topics in public utility regulation, including topics in antitrust law, the environmental impact of public utility regulation, incentive regulation, price-cap regulation, and contractual relationships. This book is distilled from articles presented at two seminars held at Rutgers.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52148700315921,"sku":"NLS9780792392699","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792392699.jpg?v=1757604388"},{"product_id":"commercialization-of-postal-and-delivery-services-national-and-international-per-book-michael-a-crew-9780792395140","title":"Commercialization of Postal and Delivery Services: National and International Perspectives","description":"In particular, do these results for New Zealand Post prove that it is a commercial business, and what are the lessons for other postal businesses? Market Forces New Zealand Post presently has a limited letter monopoly, a 45 cent letter price against an 80 cent competitive floor price.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52149858992401,"sku":"NLS9780792395140","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":53518216986897,"sku":"NIN9780792395140","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792395140.jpg?v=1757608174"},{"product_id":"deregulation-of-electric-utilities-book-georges-zaccour-9780792381341","title":"Deregulation of Electric Utilities","description":"Deregulation of Electric Utilities reviews the main  issues relating to the changing environment in the utility industry.  Topics covered in depth include compensation for stranded costs,  efficiency gains, institutional design, pricing, economics of scale,  and network externalities. In addition, this book assesses early  experiences in electricity deregulation in continental Europe, New  Zealand, North America, and the United Kingdom.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52332400378129,"sku":"NLS9780792381341","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":53403024916753,"sku":"NIN9780792381341","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792381341.jpg?v=1758151513"},{"product_id":"service-opportunities-for-electric-utilities-creating-differentiated-products-book-shmuel-s-oren-9780792393191","title":"Service Opportunities for Electric Utilities: Creating Differentiated Products","description":"This monograph is the proceedings of a symposium held at the University of California at Berkeley, September 12-14, 1990. It was sponsored by the Electric Power Research Institute (EPR ) and by the University of California University-Wide Energy Research Group (UERG). The sympo sium brought together researchers and practitioners from academia, the utility industry, private and public organizations and regulatory agencies to address various challenges and opportunities related to product differen tiation in the electric power industry. Electric utilities are evolving rapidly from commodity-oriented services to product-oriented services. Utilities are offering menus of service options tailored to the needs of different customers. Reliability is one important dimension of electric service that lends itself to such product differentia tion., Options include lower rate curtail able services for industrial cus tomers, higher reliability power for some commercial customers, and load control with rebates for residential customers., These specialized services are a first step toward the product differentiation goal of allowing all customers to choose the type of service best suited to their electricity needs. The symposium provided a forum for in depth examination of the complex planning, development, and implementation issues associated with differ entiated products. Its specific objectives were to: xviii Review the state of the art in implementing reliability differ entiated electric services. Address the entire process for developing and implementing reliability differentiated product menus including research, design, marketing, implementation, and evaluation. Consider technical, economic, and regulatory barriers to imple menting reliability differentiated product design.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52333861798161,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52333866156305,"sku":"NLS9780792393191","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792393191.jpg?v=1758155672"},{"product_id":"emerging-competition-in-postal-and-delivery-services-book-michael-a-crew-9780792384540","title":"Emerging Competition in Postal and Delivery Services","description":"Emerging Competition in Postal and Delivery Services  brings together practitioners, postal administrators, the courier  industry, regulators, academic economists and lawyers to examine  important policy and regulatory issues facing the postal and delivery  industries. This volume reviews such topics as cost and productivity  analysis, universal service and entry, demand analysis and the  structure of postal payment system, price regulation and competition.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52334113882385,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52334114767121,"sku":"NLS9780792384540","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792384540.jpg?v=1758155987"},{"product_id":"atomic-energy-costing-book-warren-young-9780792383291","title":"Atomic Energy Costing","description":"In the centennial year of the birth of Sir John Cockcroft, first master of my Cam bridge College, Churchill, and the first man to split the atomic nucleus by artificial means, it is indeed relevant to consider the outcome of his efforts at developing atomic power.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52334234599697,"sku":"NLS9780792383291","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":53561466814737,"sku":"NIN9780792383291","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792383291.jpg?v=1758156248"},{"product_id":"expanding-competition-in-regulated-industries-book-michael-a-crew-9780792379713","title":"Expanding Competition in Regulated Industries","description":"Expanding Competition in Regulated Industries reviews the  changing regulatory environment, notably incentive regulation and  competition in regulated industries. Some of the major changes in  electricity, gas, and telephone utilities allow for competition in  local service through unbundling. This book is of interest to  researchers, utility managers, regulatory commissions, and the Federal  Government.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52336940482833,"sku":"NLS9780792379713","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":53498153468177,"sku":"NIN9780792379713","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792379713.jpg?v=1758165011"},{"product_id":"incentive-regulation-for-public-utilities-book-michael-a-crew-9780792394952","title":"Incentive Regulation for Public Utilities","description":"These contributions by leading scholars and practitioners  represent some of the best new research in public utility economics  and include topics such as the theory of incentive regulation, dynamic  pricing, transfer pricing, issues in law and economics, pricing  priority service, and energy utility resource planning.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52337033380113,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52337034363153,"sku":"NLS9780792394952","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780792394952.jpg?v=1758165329"}],"url":"https:\/\/www.worldofbooks.com\/collections\/topics-in-regulatory-economics-and-policy-book-series.oembed?page=7","provider":"World of Books ","version":"1.0","type":"link"}