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The Impact of Rate-of-Return Regulation on Technological Innovation

2017-05-15 Business & Economics
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Release : 2017-05-15
Genre : Business & Economics
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Book Rating : 939/5 ( reviews)

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Book Synopsis The Impact of Rate-of-Return Regulation on Technological Innovation by : Mark W. Frank

Download or read book The Impact of Rate-of-Return Regulation on Technological Innovation written by Mark W. Frank. This book was released on 2017-05-15. Available in PDF, EPUB and Kindle. Book excerpt: This 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.

Economic Regulation and Technological Innovation--a Cross-national Literature Survey and Analysis

1974 Power resources
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Release : 1974
Genre : Power resources
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Book Synopsis Economic Regulation and Technological Innovation--a Cross-national Literature Survey and Analysis by : Gellman Research Associates

Download or read book Economic Regulation and Technological Innovation--a Cross-national Literature Survey and Analysis written by Gellman Research Associates. This book was released on 1974. Available in PDF, EPUB and Kindle. Book excerpt: Survey of the literature on transportation, communications and electric utilities in the U.S., Canada, Britain, France, West Germany and Japan.

Technological Change in Regulated Industries

1971 Business & Economics
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Release : 1971
Genre : Business & Economics
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Book Synopsis Technological Change in Regulated Industries by : William M. Capron

Download or read book Technological Change in Regulated Industries written by William M. Capron. This book was released on 1971. Available in PDF, EPUB and Kindle. Book excerpt: Conference report on the influence of price and profit regulation on technological change and Innovation in industry in the USA - comprises a record of discussion on the nature and effects of regulatory decisions and industrial policy implications, examines the impact on enterprises operating under monopoly conditions and covers the electric power industry, telecommunications, civil air transport and surface goods transport. References and statistical tables. Conference held in Washington 1969 feb.

An Empirical Analysis of Electricity Regulation on Technical Change in Texas

2008
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Release : 2008
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Book Synopsis An Empirical Analysis of Electricity Regulation on Technical Change in Texas by : Mark W. Frank

Download or read book An Empirical Analysis of Electricity Regulation on Technical Change in Texas written by Mark W. Frank. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: To evaluate the impact of regulation on the innovativeness of firms, this study considers the unusual case of electric utilities in the state of Texas. In the current era of deregulation, the electric utility industry in Texas is unique because its regulation was relatively limited until 1975, after which time Texas legislators imposed rate-of-return regulation. Utilizing a trans log cost framework on annual data covering the years 1965 to 1985, this study is thus able to compare the rate of technological change both before and after the imposition of rate-of-return regulation. The findings indicate that before the implementation of rate-of-return regulation, costs decreased significantly because of technological progress. After the implementation, however, the findings indicate that costs increased significantly due to technological regress brought on by regulation.

The Changing Economics of Medical Technology

1991-02-01 Medical
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Release : 1991-02-01
Genre : Medical
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Book Rating : 91X/5 ( reviews)

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Book Synopsis The Changing Economics of Medical Technology by : Institute of Medicine

Download or read book The Changing Economics of Medical Technology written by Institute of Medicine. This book was released on 1991-02-01. Available in PDF, EPUB and Kindle. Book excerpt: Americans praise medical technology for saving lives and improving health. Yet, new technology is often cited as a key factor in skyrocketing medical costs. This volume, second in the Medical Innovation at the Crossroads series, examines how economic incentives for innovation are changing and what that means for the future of health care. Up-to-date with a wide variety of examples and case studies, this book explores how payment, patent, and regulatory policiesâ€"as well as the involvement of numerous government agenciesâ€"affect the introduction and use of new pharmaceuticals, medical devices, and surgical procedures. The volume also includes detailed comparisons of policies and patterns of technological innovation in Western Europe and Japan. This fact-filled and practical book will be of interest to economists, policymakers, health administrators, health care practitioners, and the concerned public.

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