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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas
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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924 Hardcover - 1996

by Werner Troesken


From the rear cover

Why Regulate Utilities? informs and revises economic thought about regulation and regulatory changes. Showing that state regulation governed the behavior of local politicians as well as utilities, Werner Troesken gives empirical muscle to the idea that regulatory commissions act like administered contracts. Synthesizing and extending the new institutional economics, he builds a comprehensive model of institutional change and political economy. Why Regulate Utilities? promotes sensitivity to a relevant past. Highlighting institutional arrangements once hidden by the shadows of the past, it demonstrates how utility markets operated in the years before state regulation. Emphasizing the importance of historical context, Werner Troesken suggests that producer support for a particular law or regulation need not imply that the law or regulation is inefficient or contrary to the public interest.

Details

  • Title Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924
  • Author Werner Troesken
  • Binding Hardcover
  • Pages 152
  • Volumes 1
  • Language ENG
  • Publisher University of Michigan Press
  • Date 1996-12
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index
  • ISBN 9780472107391 / 0472107399
  • Weight 0.98 lbs (0.44 kg)
  • Dimensions 9.29 x 6.24 x 0.72 in (23.60 x 15.85 x 1.83 cm)
  • Library of Congress subjects Antitrust law - United States - History, Gas industry - Government policy - Illinois
  • Library of Congress Catalog Number 96010150
  • Dewey Decimal Code 363.630

About the author

Werner Troesken is Assistant Professor of History and Economics, University of Pittsburgh.

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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924
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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924

by Troesken, Werner

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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924

Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924

by Werner Troesken

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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924
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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924

by Troesken, Werner

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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924
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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924

by Werner Troesken

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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924
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Why Regulate Utilities?: The New Institutional Economics and the Chicago Gas Industry, 1849-1924

by Troesken, Werner

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Hardcover
ISBN 10 / ISBN 13
9780472107391 / 0472107399
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