Regulating infrastructure
Subtitle: monopoly, contracts, and discretion
By: Jos A. GØmez-Ib Þez.
Publisher: Harvard University Press
Published: 2003
Place of publication: Cambridge, MA
Language: eng
Number of pages: 431
Description: "This book addresses one of these questions: how can government fairly and effectively regulate what are "natural monopolies"--Those infrastructure and utility services whose technologies make competition impractical?"

"Rather than sticking narrowly to economics, José A. Gómez-Ibáñez also draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation. He makes a strong case for favoring market-oriented and contractual approaches - including private contracts between infrastructure providers and customers as well as concession contracts with the government acting as an intermediary - over those that grant government regulators substantial discretion.

"Contracts can provide stronger protection for infrastructure customers and suppliers - and greater opportunities to tailor services to their mutual advantage."--Jacket.