The Economics of Regulation: Principles and Institutions, Volumes 1-2

Front Cover
MIT Press, 1988 - Business & Economics - 559 pages
1 Review

As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier in that decade, presented the first comprehensive integration of the economic theory and institutional practice of economic regulation. In his lengthy new introduction to this edition Kahn surveys and analyzes the deregulation revolution that has not only swept the airlines but has transformed American public utilities and private industries generally over the past seventeen years.While attitudes toward regulation have changed several times in the intervening years and government regulation has waxed and waned, the question of whether to regulate more or to regulate less is a topic of constant debate, one that The Economics of Regulation addresses incisively. It clearly remains the standard work in the field, a starting point and reference tool for anyone working in regulation.Kahn points out that while dramatic changes have come about in the structurally competitive industries - the airlines, trucking, stock exchange brokerage services, railroads, buses, cable television, oil and natural gas - the consensus about the desirability and necessity for regulated monopoly in public utilities has likewise been dissolving, under the burdens of inflation, fuel crises, and the traumatic experience with nuclear plants. Kahn reviews and assesses the changes in both areas: he is particularly frank in his appraisal of the effect of deregulation on the airlines.His conclusion today mirrors that of his original, seminal work - that different industries need different mixes of institutional arrangements that cannot be decided on the basis of ideology.Alfred E. Kahn is Robert Julius Thorne Professor of Political Economy at Cornell University and Special Consultant to National Economic Research Associates.

  

What people are saying - Write a review

Review: The Economics of Regulation: A Critical Introduction

User Review  - Paul J - Goodreads

Don't read this book. I'm only listing it because it proves that I'm a total nerd. I read it. I enjoyed it. I've even picked it up several times hence while enjoying some scotch. I need a hobby. Read full review

Related books

Contents

The Distinction in Practice
8
The Limited Attention to Quality of Service
21
Determination of the Rate Base
35
Regulating Rate Structures
54
3
63
Problems of Defining Marginal Cost
70
Identifying Marginal Cost When a Large Proportion of Costs
77
Tempering Principle with Practicalityor One Principle with Another
83
The Tendency of Regulation to Spread 28
28
A Few Warning Notes 46
46
Incentive Plans 59
59
Regulatory Planning 77
77
The Inherent Limitations of Regulation 93
93
The AJW Effect 106
106
The Essential Prerequisite of Natural Monopoly 1 19
119
Natural Gas Transmission 152
152

Peak Responsibility
89
The Appropriate Time Pattern of Rates
103
Reproduction versus Original Capital Costs
109
Depreciation Policy and Technological Process
117
Decreasing Costs and Price Discrimination
123
Implications and Solutions
130
Principles of Discrimination
137
Fully Distributed Costs
150
6
158
The Impact on Competition at the Secondary Level
166
Impact at the Primary Level and Other Institutional Considerations
175
7
182
Noneconomic Considerations
189
The Problem of Second Best
195
Introduction i
203
Protectionism and Conservatism 11
11
5
170
The Theory Applied 178
178
Stock Exchange Brokerage Commissions 193
193
Air Transport
209
The Issue of CreamSkimming
220
The Benefits and Dangers of Discriminatory
246
Financial Integration
256
Combination Companies
264
Horizontal and Geographic Integration
281
Vertical Integration in Communications
290
The Problem of Judgment
306
Power Pooling
314
Reprise
324
Selected Bibliography
331
Index Volumes I and II
345
Copyright

Other editions - View all

Common terms and phrases

References from web pages

The Economics of Regulation - The MIT Press
As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier ...
mitpress.mit.edu/ catalog/ item/ default.asp?ttype=2& tid=5948

JSTOR: ae Kahn: The Economics of Regulation
ae Kahn: The Economics of Regulation. George Eads. The Bell Journal of Economics and Management Science, Vol. 2, No. 2, 678-682. Autumn, 1971. ...
links.jstor.org/ sici?sici=0005-8556(197123)2%3A2%3C678%3AAEKTEO%3E2.0.CO%3B2-N

The economics of regulation: Principles and institutions Alfred E ...
The Economics of Regulation:. Principles and Institutions. Alfred E. Kahn. Cambridge, MA: MIT Press,. 1988, Vol. I, 199 pp.,. Vol. II, 360 ...
www.springerlink.com/ index/ R223874730705253.pdf

econpapers: ae Kahn: The Economics of Regulation
econpapers. Economics at your fingertips. econpapers Home · About econpapers · Working Papers · Journal Articles · Books and Chapters · Software Components ...
econpapers.repec.org/ article/ rjebellje/ v_3A2_3Ay_3A1971_3Ai_3Aautumn_3Ap_3A678-682.htm

Guide to the Alfred E. Kahn Papers,1942-1994
Guide to the Alfred E. Kahn Papers, 1942-1994. Collection Number: 4055. Division of Rare and Manuscript Collections Cornell University Library ...
rmc.library.cornell.edu/ EAD/ htmldocs/ RMM04055.html

ae Kahn: The Economics of Regulation
Volume: Volume 2, No. 2. Issue: Autumn 1971. Pages: pp. 678-682. Authors: George Eads. Title: ae Kahn: The Economics of Regulation. Abstract: (no abstract) ...
www.rje.org/ abstracts/ abstracts/ 1971/ Autumn_1971._pp._678_682.html

ingentaconnect The Economics of Regulation, supra note 2, Vol. 2 ...
The Economics of Regulation, supra note 2, Vol. 2, 260-61.Electric Deregulation - Defining and Ensuring Fair Competition. Author: Kahn ae ...
www.ingentaconnect.com/ content/ els/ 10406190/ 1998/ 00000011/ 00000003/ art00025;jsessionid=8k4gmf7ukeph9.alexandra?forma...

Course title: Economic Regulation No of credits: 4; No. of lecture ...
Course title: Economic Regulation. No of credits: 4; No. of lecture hours: 42 (approx.) Type of course: Optional; Course scheduling: Monsoon Semester ...
www.jnu.ac.in/ Faculty/ mmehra/ Economic_Regulation.pdf

Department of Economics Spring 1994 University of California Glenn ...
Department of Economics. Spring 1994. University of California. Glenn Woroch. Economics 220B. REGULATION AND ANTITRUST. Description. ...
elsa.berkeley.edu/ ~woroch/ ec220b/ econ220bs94syl.pdf

INTF Instituto Nacional do Transporte Ferroviário
KAHN, ae - The Economics of Regulation: Principles and Institutions. The MIT Press, 1989 29. KENNEDY, David - Regulating Access to the Railway Network. ...
www.intf.pt/ templates/ artigos/ detalhe.asp?idl=1& idc=119& idsc=1072

About the author (1988)

Alfred E. Kahn (1917-2010) was Robert Julius Thorne Professor of Political Economy at Cornell University and Special Consultant to National Economic Research Associates.

Bibliographic information