PRICE, Catherine WADDAMS; BRIGHAM, Bitten; FITZGERALD, Lin - In: Annals of Public and Cooperative Economics 79 (2008) 2, pp. 197-225
Economic regulators provide incentives for good quality of service as well as constraints on the prices or revenue which can be charged by firms with monopoly power. Economic theory suggests that regulators should choose standards according to consumers' valuation and the marginal cost of...