Price Level Regulation for Diversified Public Utilities

Price Level Regulation for Diversified Public Utilities

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and Statement of Purpose.- 1 The Inefficacy of Profit Level Regulation for the Natural Monopoly Markets of Diversified Firms.- A. An Economic Overview.- B. A Legal Overview.- 2 The Welfare Ingredients of Price Level Regulation: Incentives and Decisional Options.- A. The Firm's Incentives and their Welfare Implications.- B. Major Decisional Issues in a Price Level Regime.- 3 Assessing the Efficacy of Price Level Regulation for the Natural Monopoly Markets of Diversified Firms.- A. Potential Benefits of Price Level Regulation.- B. Potential Problems of Price Level Regulation.- 4 Implementing a P...