Regulating Infrastructure : Monopoly, Contracts, and Discretion

Intro -- Contents -- Acknowledgments -- 1. Monopoly as a Contracting Problem -- 2. The Choice of Regulatory Strategy -- I Regulatory Politics and Dynamics -- 3. The Behavior of Regulatory Agencies -- 4. Capture and Instability: Sri Lanka's Buses and U.S. Telephones -- 5. Incompleteness and Its Consequences: Argentina's Railroads -- 6. Forestalling Expropriation: Electricity in the Americas -- II Contract versus Discretionary Regulation -- 7. The Evolution of Concession Contracts: Municipal Franchises in North America -- 8. The Rediscovery of Private Contracts: U.S. Railroad and Airline Deregulation -- 9. Price-Cap Regulation: The British Water Industry -- III Vertical Unbundling and Regulation -- 10. The Trade-off in Unbundling: Competition versus Coordination -- 11. Regulating Coordination: British Railroads -- 12. Designing Capacity Markets: Electricity in Argentina -- 13. The Prospects for Unbundling -- 14. The Future of Regulation -- Notes -- Index.