The Dynamics of Price Adjustment in Regulated Industries

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (62 download)

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Book Synopsis The Dynamics of Price Adjustment in Regulated Industries by : David S. Silby

Download or read book The Dynamics of Price Adjustment in Regulated Industries written by David S. Silby and published by . This book was released on 1975 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Industry Structure and the Dynamics of Price Adjustment

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Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis Industry Structure and the Dynamics of Price Adjustment by : Anindya Banerjee

Download or read book Industry Structure and the Dynamics of Price Adjustment written by Anindya Banerjee and published by . This book was released on 1999 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pricing in Regulated Industries

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Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Pricing in Regulated Industries by : John T. Wenders

Download or read book Pricing in Regulated Industries written by John T. Wenders and published by . This book was released on 1977 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regulatory Restructuring and Incumbent Local Exchange Pricing

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Regulatory Restructuring and Incumbent Local Exchange Pricing by : Christopher R. Knittel

Download or read book Regulatory Restructuring and Incumbent Local Exchange Pricing written by Christopher R. Knittel and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the Telecommunications Act of 1996 introduces competition into local telephone markets at a national level, prior to the Act many states had already restructured their regulatory methods. In particular, many states allowed for competition in both local service and "local long distance" markets prior to 1996. In addition to the expansion of competition, there has been an increased use of price regulation (price caps and price freezes), rather than traditional cost based regulatory methods in determining and updating rates for local exchange and local long distance toll services. Using a three-dimensional panel data set, I investigate whether price regulation and differences in entry conditions in local exchange and local long distance toll markets have had an impact on rate changes for residential local service, business local service, and local long distance toll service for the incumbent local exchange companies. In doing so, I estimate an empirical model that accounts for the stickiness of rates in regulated industries. The model, based on (S,s) models that have developed in a number of literatures, treats firms as maximizing expected profits in the price adjustment costs and regulatory uncertainty resulting from rate hearings, and regulators as controlling profits in the presence of adjustment costs. I find that competition has prompted a significant amount of rate rebalancing that has reduced the amount of cross-subsidization present in these markets. In addition, the findings suggest that price cap regulation leads to higher rates, relative to rate-of-return regulation.

Dynamic Model of the Regulated Firm with a Price Adjustment Mechanism

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Publisher : Ottawa, Carleton U., Department of Economics
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (27 download)

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Book Synopsis Dynamic Model of the Regulated Firm with a Price Adjustment Mechanism by : Carleton University. Department of Economics

Download or read book Dynamic Model of the Regulated Firm with a Price Adjustment Mechanism written by Carleton University. Department of Economics and published by Ottawa, Carleton U., Department of Economics. This book was released on 1973 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Price Regulations and Price Adjustment Dynamics

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Price Regulations and Price Adjustment Dynamics by : Evanthia Fasoula

Download or read book Price Regulations and Price Adjustment Dynamics written by Evanthia Fasoula and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dynamics of Price Regulation

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Dynamics of Price Regulation by : Gary Biglaiser

Download or read book Dynamics of Price Regulation written by Gary Biglaiser and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the dynamics of price regulation for an industry adjusting to exogenous technological progress. First, we characterize the optimal capacity path and replacement cycles in a neoclassical investment model. Second, we show that naive rate-of-return regulation, which ignores components of economic depreciation, eventually results in a deficient level of capacity due to excessively high retail prices burdened by the need to recover the underdepreciated costs of historical investments. Third, we explain how price-cap regulation leads to more efficient capital replacement decisions compared to naive rate-of-return regulation, and we show how finite price-cap horizons distort capital replacement decisions compared to optimal regulation. Finally, we interpret recent regulatory reforms in telecommunications markets.

Political Price Cycles in Regulated Industries

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451865202
Total Pages : 0 pages
Book Rating : 4.8/5 (652 download)

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Book Synopsis Political Price Cycles in Regulated Industries by : Rodrigo Moita

Download or read book Political Price Cycles in Regulated Industries written by Rodrigo Moita and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfare constraints interact in the model, yielding an equilibrium in which the real price in a regulated industry may fall in periods immediately preceding an election. The paper also provides empirical support for the theoretical model. Using quarterly data from 32 industrial and developing countries over 1978-2004, we find strong statistical and econometric evidence pointing toward the existence of electoral price cycles in gasoline markets.

Issues in Regulation by Price Adjustment

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Publisher :
ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.:/5 (562 download)

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Book Synopsis Issues in Regulation by Price Adjustment by : James Walter Hagerman

Download or read book Issues in Regulation by Price Adjustment written by James Walter Hagerman and published by . This book was released on 1985 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Proceedings of the 1974 IEEE Conference on Decision and Control, Including 13th Symposium on Adaptive Processes, Nov. 20-22, 1974, Del Webb's Towne House, Phoenix, Arizona

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Publisher :
ISBN 13 :
Total Pages : 936 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Proceedings of the 1974 IEEE Conference on Decision and Control, Including 13th Symposium on Adaptive Processes, Nov. 20-22, 1974, Del Webb's Towne House, Phoenix, Arizona by :

Download or read book Proceedings of the 1974 IEEE Conference on Decision and Control, Including 13th Symposium on Adaptive Processes, Nov. 20-22, 1974, Del Webb's Towne House, Phoenix, Arizona written by and published by . This book was released on 1974 with total page 936 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Price Adjustment and Market Structure

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Publisher :
ISBN 13 : 9780902610286
Total Pages : 39 pages
Book Rating : 4.6/5 (12 download)

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Book Synopsis Price Adjustment and Market Structure by : Simon Domberger

Download or read book Price Adjustment and Market Structure written by Simon Domberger and published by . This book was released on 1975 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Department of Transportation and Related Agencies Appropriations for 1979

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Publisher :
ISBN 13 :
Total Pages : 1168 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Department of Transportation and Related Agencies Appropriations for 1979 by : United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Transportation and Related Agencies Appropriations

Download or read book Department of Transportation and Related Agencies Appropriations for 1979 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Transportation and Related Agencies Appropriations and published by . This book was released on 1978 with total page 1168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Regulation in Competitive Market Structures

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Publisher :
ISBN 13 :
Total Pages : 286 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis The Economics of Regulation in Competitive Market Structures by : Carl Edward Enomoto

Download or read book The Economics of Regulation in Competitive Market Structures written by Carl Edward Enomoto and published by . This book was released on 1982 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Department of Transportation and Related Agencies Appropriations for 1979

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Publisher :
ISBN 13 :
Total Pages : 1166 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Department of Transportation and Related Agencies Appropriations for 1979 by : United States. Congress. House. Committee on Appropriations. Subcommittee on Dept. of Transportation and Related Agencies Appropriations

Download or read book Department of Transportation and Related Agencies Appropriations for 1979 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Dept. of Transportation and Related Agencies Appropriations and published by . This book was released on 1978 with total page 1166 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Death of the Regulatory Compact

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Death of the Regulatory Compact by : James Ming Chen

Download or read book The Death of the Regulatory Compact written by James Ming Chen and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Telecommunications regulation should be viewed as an attempt to solve the problem of financing large-scale public infrastructure over a sufficiently long period of time to pose significant and perhaps prohibitive amounts of risk. Investors are reluctant to commit capital to infrastructure if they cannot be assured of a reasonable return on their investment. Pricing rules in telecommunications are designed to protect incentives to invest in high-cost networks. Pricing disputes in the American telecommunications industry have raised serious questions over the extent to which public rules are governed by the United States Constitution's promise that private property shall not be taken for public use, without just compensation. These disputes are especially intense when they involve the price at which incumbent network owners must sell unbundled network elements to competitors seeking interconnection. This paper argues that attempts to enforce a pricing rule based on a utility's historic record of prudent investment lacks any plausible basis in American constitutional law. The misguided attempt to seek a constitutional solution to the problem of network pricing arises from a fundamental misunderstanding of the so-called regulatory compact. Rather, the problem of network pricing in highly complex and technologically volatile infrastructural industries such as telecommunications and electricity demands sophisticated legal tools such as price-level regulation, transitional pricing rules such as avoided-cost pricing and the long-run incremental cost rule for pricing unbundled access to incumbent networks, reverse auctions to fulfill universal service obligations, and tailored stranded cost recovery provisions. Reliance on a metaphorical regulatory compact has inflicted serious harm to the law of regulated industries. Accordingly, this obsolete metaphor should be discarded.

The Effect of Price Cap Regulation on Price Structures in Regulated Industries

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (595 download)

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Book Synopsis The Effect of Price Cap Regulation on Price Structures in Regulated Industries by : C. M. Waddams

Download or read book The Effect of Price Cap Regulation on Price Structures in Regulated Industries written by C. M. Waddams and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The New Economics of Regulated Industries

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Publisher :
ISBN 13 :
Total Pages : 207 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis The New Economics of Regulated Industries by : Joseph Emerick Haring

Download or read book The New Economics of Regulated Industries written by Joseph Emerick Haring and published by . This book was released on 1968 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: