Public transport provision requires substantial organisational efforts, careful planning,
financial contributions from the public, and coordination between millions of passengers and …

As we indicated at the beginning of this chapter, price discrimination is a ubiquitous
phenomenon. Nearly all firms with market power attempt to engage in some type of price …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

We consider the problem of how to regulate a monopolistic firm whose costs are unknown to
the regulator. The regulator's objective is to maximize a linear social welfare function of the …

What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They
are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional …

Regulatory reform had its beginnings in the United States in the 1970s, and today it is taking
place around the globe. One of the central questions for industrial policy is how to regulate …

The Public Policy Institute of California is dedicated to informing and improving public policy
in California through independent, objective, nonpartisan research. It does not take or …

Economists favor pricing pollution in part so that consumers face the full social marginal cost
(SMC) of goods and services. But even absent externalities, retail electricity prices typically …

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 …

This paper addresses the existence of market clearing prices and the economic
interpretation of strong duality for integer programs in the economic analysis of markets with …