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9780899305820

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?A number of important industries in the US have recently been shifted from regulation by government commission toward regulation by the market; they include telecommunications, air travel, and trucking. Tye (consultant with the Brattle Group) has collected his articles (some with coauthors) on the economic principles of regulation, deregulation, and the process and problems of deregulation (with modification and integration), illustrating them with reference to railroads. The topics involve the substantive and continuing problems associated with regulated industries and also present in the transition to deregulation: revenue adequacy, rate of return, inflation, pricing (with particular attention to the benefits and problems associated with Ramsey pricing), mergers, and competitive access, among others. The intended audience is consultants, attorneys, regulators, business people, customers, investors, and academics ; each can gain significantly from this volume, but some important points will be lost without substantive economics training (e.g., a workable undergraduate major). Very good bibliography and index. Upper-division and graduate collections.?-Choice

?A number of important industries in the US have recently been shifted from regulation by government commission toward regulation by the market; they include telecommunications, air travel, and trucking. Tye (consultant with the Brattle Group) has collected his articles (some with coauthors) on the economic principles of regulation, deregulation, and the process and problems of deregulation (with modification and integration), illustrating them with reference to railroads. The topics involve the substantive and continuing problems associated with regulated industries and also present in the transition to deregulation: revenue adequacy, rate of return, inflation, pricing (with particular attention to the benefits and problems associated with Ramsey pricing), mergers, and competitive access, among others. The intended audience is ""consultants, attorneys, regulators, business people, customers, investors, and academics""; each can gain significantly from this volume, but some important points will be lost without substantive economics training (e.g., a workable undergraduate major). Very good bibliography and index. Upper-division and graduate collections.?-Choice ""A number of important industries in the US have recently been shifted from regulation by government commission toward regulation by the market; they include telecommunications, air travel, and trucking. Tye (consultant with the Brattle Group) has collected his articles (some with coauthors) on the economic principles of regulation, deregulation, and the process and problems of deregulation (with modification and integration), illustrating them with reference to railroads. The topics involve the substantive and continuing problems associated with regulated industries and also present in the transition to deregulation: revenue adequacy, rate of return, inflation, pricing (with particular attention to the benefits and problems associated with Ramsey pricing), mergers, and competitive access, among others. The intended audience is ""consultants, attorneys, regulators, business people, customers, investors, and academics""; each can gain significantly from this volume, but some important points will be lost without substantive economics training (e.g., a workable undergraduate major). Very good bibliography and index. Upper-division and graduate collections.""-Choice

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WILLIAM B. TYE is a principal of The Brattle Group in Cambridge, Massachusetts. He has published numerous works on the transition to deregulation.

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