This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural … monopolies. It covers alternative definitions of natural monopoly, public interest regulatory goals, alternative regulatory … institutions, price regulation with full information, price regulation with imperfect and asymmetric information, and topics on the …

Intro -- Contents -- Acknowledgments -- 1. Monopoly as a Contracting Problem -- 2. The Choice of Regulatory Strategy …: Electricity in the Americas -- II Contract versus Discretionary Regulation -- 7. The Evolution of Concession Contracts: Municipal …-Cap Regulation: The British Water Industry -- III Vertical Unbundling and Regulation -- 10. The Trade-off in Unbundling: Competition …

costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …