-- Acknowledgements -- Introduction -- The Research Question -- Outline -- 1 Rate-of-Retum Regulation -- 1.1 Rate-of-Retum Regulation in … the Gas, Telephone, and Electric Industries -- 1.2 The Historical Development of Rate Regulation -- 1.3 Rate …-of-Retum Regulation in Action -- 1.3.1 Revenue Requirement Phase -- 1.3.2 Rate Design Phase -- 2 The Averch-Johnson Model -- 2.1 The …

This paper assesses how price regulation for energy, water, telecommunications, and rail networks has developed in the … two decades since incentive regulation was introduced. Regulation is necessary because Coasean bargaining is unlikely to … long-term contracts. Incentive regulation has been successful at promoting operating efficiency in the UK and elsewhere …