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Utility Regulation in Competitive Markets

Problems and Progress Edited by Colin Robinson, Emeritus Professor of Economics, University of Surrey, UK
This significant new volume contains incisive chapters on a number of prominent concerns, including changes in the British system of utility regulation, the spectrum allocation question, liberalisation of EU energy markets, security of supply issues, reform in the European postal sector, the future of rail regulation, the cost of capital and Ofcom’s strategic approach to regulation. Chapters on each topic are followed by comments from regulators, competition authority chairmen and other experts in the relevant fields. By confronting the most important international developments in utility regulation, the authors offer practical policy recommendations for an effective way forward.
In Association with the Institute of Economic Affairs and the London Business School
Extent: 256 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 2007
ISBN: 978 1 84720 202 4
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  • Economics and Finance
  • Competition Policy
  • Economic Regulation and Governance
  • Public Sector Economics
Utility Regulation in Competitive Markets is the latest book in the annual series published in association with the Institute of Economic Affairs and the London Business School, which critically reviews the state of utility regulation and competition policy.

This significant new volume contains incisive chapters on a number of prominent concerns, including changes in the British system of utility regulation, the spectrum allocation question, liberalisation of EU energy markets, security of supply issues, reform in the European postal sector, the future of rail regulation, the cost of capital and Ofcom’s strategic approach to regulation. Chapters on each topic are followed by comments from regulators, competition authority chairmen and other experts in the relevant fields. By confronting the most important international developments in utility regulation, the authors offer practical policy recommendations for an effective way forward.

This book will be of great value to practitioners, policymakers and academics alike who are concerned with regulation, deregulation and policies to promote competition.
‘. . . these papers are a useful, high quality, articulation of the view from and around Whitehall.’
– Henry Ergas, Economic Record

‘. . . a treasure trove of valuable insight and commentary into the utility markets and how they are, and should be, regulated.’
– European Competition Law Review

‘Overall the book provides a snapshot of utility regulation and debates within the UK, and thus should be of interest to researchers interested in specific utilities or regulation more generally.’
– Jason Whalley, Communications Booknotes Quarterly
Contributors: C. Bolt, R. Feasey, P. Fletcher, J. Franks, D. Glynn, T.W. Hazlett, P.L. Joskow, S. Littlechild, P. Lowe, Sir J. Mogg, C. Nash, E. Richards, C. Robinson, N. Stapleton, D. Stubbs, J. Vasconcelos, L. Waverman
Contents: Introduction – Colin Robinson 1. Beyond Regulation – Stephen Littlechild – Comment – Colin Robinson 2. Ronald Coase and the Spectrum Question – Thomas W. Hazlett – Comment – Leonard Waverman 3. European Energy Liberalisation: Progress and Problems – Jorge Vasconcelos – Comment – Philip Lowe 4. Supply Security in Competitive Electricity and Natural Gas Markets – Paul L. Joskow – Comment – Sir John Mogg 5. The End to the Postal Exception? – Dermot Glynn and David Stubbs – Comment – Nigel Stapleton 6. Developing the Framework of Rail Regulation – Chris Bolt – Comment – Chris Nash 7. Cost of Capital: Some Current Issues – Julian Franks – Comment – Philip Fletcher 8. A Strategic Approach to the Economic Regulation of Spectrum, Telecoms and Broadcasting – Ed Richards – Comment – Richard Feasey Index