منابع مشابه
Regulation under Asymmetric Information in Water Utilities
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The interaction between: (i) political constraints, in part based on notions of “nation building,” and independence; (ii) the development of a suitable legal and regulatory environment; and (iii) economic constraints such as a growing state budget deficit and a recent banking crisis, are the subject of this paper. The paper will review and discuss the main political economy and competition issu...
متن کاملRate-of-return regulation versus price regulation for public utilities
Public utility regulation arose naturally in the nineteenth century for gas, water, rail, telegraph, and later, electricity and telephony because these utilities require a fixed network to deliver their services. These networks need access to rights of way which requires community or government approval, while the network is a natural monopoly that precludes efficient competition and confers po...
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The design of economic regulation involves a hierarchy of choices beginning with the specification of objectives and principles and extending beyond the selection of a general method to more detailed considerations. Similarly, the implementation of a regime requires a clear appreciation of concepts that are rarely, if ever, used outside a regulatory environment. Recognising that the task of reg...
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Introduction During the pioneering days of the electric utility industry, it was believed that utilities were natural monopolies, meaning that one utility could service a geographic area more cheaply than any combination of smaller utilities. More recently, the economic viability of transferring or wheeling electricity over long distances, the development of small-scale generators and efficient...
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ژورنال
عنوان ژورنال: Fiscal Studies
سال: 1995
ISSN: 0143-5671,1475-5890
DOI: 10.1111/j.1475-5890.1995.tb00231.x