Lectures on Regulatory and Competition Policy
For many years, Dr Irwin Stelzer, the economic commentator and journalist, has been stimulating audiences around the world with lectures on a range of economic topics. In this volume, the IEA reprints revised versions of twelve lectures in three areas where Dr Stelzer is acknowledged as an expert - competition policy and the form it should take; the proper place of regulation in competitive and monopolised markets; and the content of energy and environmental policies. The essays contain many positive proposals for extending the reach of competitive markets and they comprehensively refute some major economic fallacies. This is a stimulating collection of ideas from one of the foremost economic commentators of the day.
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Thoughts on competition policy
Thoughts on regulatory policy
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agencies American analysis anti-competitive antitrust laws antitrust policy behaviour benefits Britain British British Telecom capital cartel cent coal companies compete competition policy competitive market competitors consumers create customers damages distribution Don Cruickshank economic growth economists effective competition efficiency electricity energy policy enforcement entrants entry environmentalists external costs fact favour firms fuel global warming goal high-tech Hudson Institute important incentive income increase incumbent industry innovation Institute of Economic interest investment Kahn Labour lectures legislation macroeconomic market power maximise ment merger monopoly power natural gas natural monopoly nomic Ofgem OFTEL OPEC operating Oxford permit policy-makers political politicians private actions privatisation problem product market Professor profits programme reason regu regulation rely remedy sector share shareholders social Stelzer structure suppliers supply talk taxes technologies tion trade transmission treble treble-damage trust laws utilities vertically integrated wires