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Empirical Studies of Utility Regulation

Noll, Roger G. (1976) Empirical Studies of Utility Regulation. Social Science Working Paper, 135. California Institute of Technology , Pasadena, CA. (Unpublished)

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During the past fifteen years, numerous studies have been published that purport to demonstrate quantitatively the effects of price and profit regulation on regulated monopolies. The purpose of this paper is to provide a brief, minimally technical summary and evaluation of these studies. For the most part, the fine theoretical and econometric details are ignored in favor of an exposition of the general approach that researchers have taken to the problem of estimating regulatory effects. While the primary focus is on studies of so-called "natural monopolies," references are also made for purposes of comparison to studies examining the effect of regulation on competitive markets. The Bibliography contains the standard references on the empirical effects of price regulation in all the basic infrastructural industries—energy, telecommunications and transportation—whether competitive or monopolistic.

Item Type:Report or Paper (Working Paper)
Additional Information:Presented at the Future Planning Conference of the Federal Communications Commission July 12-13, 1976. Published in Richard J. Emerine II, Rate of Return Regulation: Future Planning Conference, Federal Communications Commission, 1976.
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:135
Record Number:CaltechAUTHORS:20171026-154057769
Persistent URL:
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82717
Deposited By: Jacquelyn Bussone
Deposited On:27 Oct 2017 16:50
Last Modified:03 Oct 2019 18:57

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