**Optimal Regulation: The Economic Theory of Natural Monopoly**

by Kenneth Train

**Publisher**: The MIT Press 1991**ISBN/ASIN**: 0262200848**ISBN-13**: 9780262200844**Number of pages**: 338

**Description**:

Optimal Regulation addresses the central issue of regulatory economics -- how to regulate firms in a way that induces them to produce and price 'optimally'. It synthesis an extensive theoretical literature on what constitutes optimality in various situations and what regulatory mechanisms can be used to achieve it.

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