The impact of rate-of-return regulation on technological innovation

著者

• Frank, Mark W.

書誌事項

The impact of rate-of-return regulation on technological innovation

Mark W. Frank

（Bruton Center for Development Studies）

Ashgate, c2001

注記

Includes bibliographical references and index

内容説明・目次

内容説明

This book contends that various forms of regulation have costs as well as benefits and it examines the impact of government regulation on the innovativeness of 'monopolies' - in this book meaning firms with the power to affect market price. The government regulation analyzed in this case is limited to rate-of-return regulation. Using theoretical models such as the Averch-Johnson model and a two-stage Nash equilibrium model, this volume examines whether regulated monopolies engage in more or less technological innovation than unregulated monopolies. Furthermore, if the unregulated (or less regulated) monopolies do engage in more research and development than regulated ones, it questions whether social welfare would be greater with the former. Using a case study of ten privately-owned electric utilities in the State of Texas, USA, it then tests out the general propositions brought forward by the theoretical modelling and finally makes its conclusions taking into consideration both theoretical and empirical findings.

目次

• Contents: Introduction
• The rate of return regulation
• The Averch-Johnson model
• Augmented Averch-Johnson
• Research joint ventures
• Evidence from electric utilities in Texas
• Implications and conclusions
• Bibliography
• Index.

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詳細情報

• NII書誌ID(NCID): BA53321254
• ISBN:
  • 0754616096
• 出版国コード: uk
• タイトル言語コード: eng
• 本文言語コード: eng
• 出版地: Aldershot
• ページ数/冊数: ix, 135 p.
• 大きさ: 23 cm
• 親書誌ID:
  • BA3105704X