Introduction / Colin Robinson -- 1. Beyond regulation / Stephen Littlechild -- Comment / Colin Robinson -- 2. Ronald coase and the spectrum question / Thomas W. Hazlett -- Comment / Leonard Waverman -- 3. European energy liberalisation : progress and problems / Jorge Vasconcelos -- Comment /...

1. The failure of good intentions : the collapse of American telecommunications after six years of Deregulation -- 2. Road networks : efficiency, externalities and consumer choice -- 3. The Enterprise Act : pluses and minuses for competition policy -- 4. Ofcom and light touch regulation -- 5....

This article focuses on regulation and variation in rate structures to investigate asymmetric return responses to positive and negative abnormal earnings. The abnormal earnings (AE) metric is measured as the difference between the actual profit rate and the maximum allowed profit rate, scaled by...