Incentive Regulation and the Regulation of Incentives (Topics in Regulatory Economics and Policy)

This book explores public utility regulation using an economic framework of regulation. The purpose of regulation is to promote economic efficiency and perhaps fairness by putting restrictions on the economic opportunities of the utility firm. This framework allows the author to specify what a regulator must do to maximize the economic benefits to consumers. This book is written for regulators, utilities, and academics interested in the study of regulation.