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Page 182
that the costs that have emerged under regulated monopoly are the same as the ones that would have emerged under competition . Yet this is exactly what the natural monopoly argument presumes . Given that we cannot run two parallel ...
that the costs that have emerged under regulated monopoly are the same as the ones that would have emerged under competition . Yet this is exactly what the natural monopoly argument presumes . Given that we cannot run two parallel ...
Page 195
Regulation , de - regulation and competition have pretty well been done to death , so I don't think I have much to add there ... except to say that whatever the wave of the future turns out to be-- regulation , phased - in de ...
Regulation , de - regulation and competition have pretty well been done to death , so I don't think I have much to add there ... except to say that whatever the wave of the future turns out to be-- regulation , phased - in de ...
Page 196
No regulation is going to do that , and that's why we aren't about to enter the era of ' no regulation ' . For all you may hear about market replacing cost as the basis for utility rate setting , I suggest that nothing has changed at ...
No regulation is going to do that , and that's why we aren't about to enter the era of ' no regulation ' . For all you may hear about market replacing cost as the basis for utility rate setting , I suggest that nothing has changed at ...
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