19-659 Economic Regulation of Networked Industries
6 units, Carnegie Mellon University
Economic Regulation of Networked Industries This course will examine principles of economic regulation of networked industries such as gas, electricity, water and telecommunications, including economic justifications for price regulation e.g. natural monopoly alternative approaches to price regulation Rate of Return, Price Caps, cost allocation and pricing in multiproduct industries e.g. Ramsey prices tariff design single and multipart tariffs, capacity charges, peak load pricing regulation in the presence of competition cross subsidy and predatory pricing access pricing and institutional issues in regulatory agencies design of independent regulatory agencies, incorporation of public input, public choice theory, regulatory capture.
Prerequisites: 73-102
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