Utility Regulation in Competitive Markets


Economic Theory

An accessible overview of the economic approach to law, introducing cost-benefit analysis, public choice theory and property rights perspectives.

Monetary Policy

Published by the IEA in association with Edward Elgar

The latest title in the popular annual series which surveys issues in the field of utility regulation and competition policy

Utility Regulation in Competitive Markets is the latest book in the annual series published by the IEA and the London Business School, which critically reviews the state of utility regulation and competition policy. The strength of the series is that each chapter is followed by a comment by the relevant regulator or a prominent expert in the field.

This new volume contains chapters on a number of prominent concerns, including changes in the British system of utility regulation, the spectrum allocation question, liberalisation of EU energy markets, security of supply issues, reform in the European postal sector, the future of rail regulation, the cost of capital and Ofcom’s strategic approach to regulation.

Introduction by Colin Robinson

1. Beyond regulation by Stephen Littlechild

Chairman’s comments by Colin Robinson

2. Ronald Coase and the spectrum question by Thomas W. Hazlett

Chairman’s comments by Leonard Waverman

3. European energy liberalisation: progress and problems by Jorge Vasconcelos

Chairman’s comments by Philip Lowe

4. Supply security in competitive electricity and natural gas markets by Paul L. Joskow

Chairman’s comments by Sir John Mogg

5. The end to the postal exception? by Dermot Glynn and David Stubbs

Chairman’s comments by Nigel Stapleton

6. Developing the framework of rail regulation by Chris Bolt

Chairman’s comments by Chris Nash

7. Cost of capital: some current issues by Julian Franks

Chairman’s comments by Philip Fletcher

8. A strategic approach to the economic regulation of spectrum, telecoms and broadcasting

by Ed Richards

Chairman’s comments by Richard Feasey

See also:

Regulating Utilities and Promoting Competition