1 Introduction -- 2 The Economics of Public Utility Regulation: An Overview -- Commentary by William M. Dugger -- 3 Pricing and the Electric Utility Industry -- Commentary by John Wenders -- 4 Telecommunications Regulation — The Continuing Dilemma -- Commentary by Basil L. Copeland, Jr. -- 5...

The market-oriented model for partial deregulation of public utilities depends for its success upon pervasive competition. Given high levels of concentration, this places responsibility on market contestability; however, contestability is applicable only within bounded limits for niche markets....