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101 0 $aeng
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181   $2rdacontent
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200 14$aThe impact of rate-of-return regulation on technological innovation /$fMark W. Frank
210  1$aLondon :$cRoutledge,$d2017.
215   $a1 online resource (135 pages) $cillustrations, tables
225 1 $aBruton Center for Development Studies Series
300   $aFirst published 2001 by Ashgate Publishing.
311 08$a0-7546-1609-6 
320   $aIncludes bibliographical references and index.
327   $a1. Rate-of-return regulation -- 2. The Averch-Johnson model -- 3. Augmented Averch-Johnson -- 4. Research joint ventures -- 5. Evidence from electric utilities in Texas -- 6. Implications and conclusions.
330   $aThis book contends that various forms of regulation have costs as well as benefits and it examines the impact of government regulation on the innovativeness of 'monopolies' - in this book meaning firms with the power to affect market price. The government regulation analyzed in this case is limited to rate-of-return regulation. Using theoretical models such as the Averch-Johnson model and a two-stage Nash equilibrium model, this volume examines whether regulated monopolies engage in more or less technological innovation than unregulated monopolies. Furthermore, if the unregulated (or less regulated) monopolies do engage in more research and development than regulated ones, it questions whether social welfare would be greater with the former. Using a case study of ten privately-owned electric utilities in the State of Texas, USA, it then tests out the general propositions brought forward by the theoretical modelling and finally makes its conclusions taking into consideration both theoretical and empirical findings.
410  0$aBruton Center for Development Studies (Series)
606   $aMonopolies
606   $aTechnological innovations$xManagement
606   $aRate of return
615  0$aMonopolies.
615  0$aTechnological innovations$xManagement.
615  0$aRate of return.
676   $a658.577
700   $aFrank$b Mark W.$01863055
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910962664703321
996   $aThe impact of rate-of-return regulation on technological innovation$94469470
997   $aUNINA