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Hardcover | $21.75 Short | £16.95 | ISBN: 9780262192750 | 710 pp. | 6.2 x 8.9 in | February 1989

Regulation and Markets

Overview

Regulation and Markets provides the up to date, integrated analysis of regulatory policies and the administrative process that is needed in today's field of regulation economics. The book takes a modern perspective, using the tools of industrial organization and game theory. It is the only unified treatment of the field and combines theoretical models with consideration of public policy issues in the areas of antitrust, price regulation, environmental regulation, product quality, and workplace safety.The discussion considers both the welfare effects of regulation and the institutional aspects of the administrative regulatory process. Developments in the fields of law and political science have been integrated in a rigorous manner into the economic framework.Sections of the book address administrative process and market allocation, competition and pricing under increasing returns to scale, administrative regulation of markets, and antitrust enforcement. The conclusion evaluates regulatory policy and deregulation. Extensive literature citations throughout enhance the books value as a reference.Daniel F. Spulber is Professor of Economics at the University of Southern California.

Endorsements

“Not only is this bopk the definitive treassie on the theory of regulatory firm behavior, but also it develops important new theory on efficient pricing for a public utility subject to competition in some of its markets. With public policy centering on phased deregulation, Spulber's findings are going to be central to understanding future regulated company pricing.”
Paul W. MacAvoy, Dean and John M. Olin Professor of Public Policy and Business Administration, William E. Simon Graduate School of Business Administration, University of Rochester
Regulations and Markets by Daniel F. Spulber is well written, rich in institutional details, and brings to bear the most recent modes of economic analysis to the traditional set of questions in this field. I believe that it will become the text of choice from fx students of this subject.”
Professor Morton Kamien, Department of Managerial Economics and Decision Sciences, North Western University