This chapter focuses on price-cap regulation. The US Federal Communications Commission, FCC proposed replacing rate-of-return regulation with price-cap regulation in the market for local and long-distance telephone service. Price caps are typically applied only to prices for monopolistically supplied ...
Price-Cap Regulation 作者:Lambert M·Surhone/Mariam T·Tennoe/Susan F·Henssonow 页数:100 ISBN:9786133244856 豆瓣评分 目前无人评价 + 加入购书单
Price cap regulation is often combined with service quality regulation since price caps may create incentives for quality degradation. A service quality adjustment factor (the Q-Factor) in the price cap formula ensures that allowed prices fall as quality declines. This paper discusses some consideratio...
This paper assesses the theory and practice of price-cap regulation for utilities. Price caps fix the time paths of prices and thus provide incentives for cost efficiency. Agency theory suggests that there is a trade-off in general between providing incentives for efficiency and extracting rents. ...
Price Capmeans an incentive-based method forregulation ofthe tariffcharged by atelecommunications providerfor one or moreregulated service; Sample 1Sample 2Sample 3 Price Capmeans the maximumaverage pricedetermined bythe regulatorto be charged during afinancial year, or nominated part ofa year, for ...
Price-cap regulation 来自 ResearchGate 喜欢 0 阅读量: 28 作者: S Cowan 摘要: The regulator of a natural monopoly that sets a two-part tariff and whose marginal cost is stochastic will generally want the price to vary less than marginal cost when the lump-sum charge in the tariff is ...
7.The Thinking of the Power and the Obligation about the Organization of the Drug Prices Regulation关于我国药品价格监管机构权力义务设置的思考 8.Model of Dynamic Price Cap for Regulation of Electricity Market;电力市场监管中的动态价格上限模型 9.Research on Power Supply Price Regulation Based on Improv...
Price-cap regulation (PCR) has become an increasingly popular way of regulating natural monopolies in recent years. This is particularly true in the United Kingdom where the gas, electricity, water and telephone industries are all now regulated in such a way. A variety of studies have aimed to...
I find nothing to disagree with in Cowan's account of price-cap regulation, a measure perhaps both of the paper's brilliance and my own ignorance. Nonetheless, I would like to point out two questions that Cowan's analysis does not answer. First, Cowan does not tell us why price-cap reg...
price-cap regulation can be useful in the process ofprivatizinga formerly public utility, where the relevant financial data needed to set rate of return limits are obscure or unreliable.