This chapter provides a comprehensive overview of the theoretical and empirical literature
on the regulation of natural monopolies. It covers alternative definitions of natural monopoly …

This chapter reviews recent theoretical work on the design of regulatory policy, focusing on
the complications that arise when regulated suppliers have better information about the …

This paper analyses the price responses of airports to a demand collapse, such as that
prompted by Covid-19. In the crisis, airports need to achieve viability, in the short run …

I analyze the salient features of networks and point out the similarities between the
economic structure of networks and the structure of vertically related industries. The analysis …

This new edition of The Economics of Tourism reflects the tremendous changes that have
occurred in the tourism sector in the last twelve years. It recognizes that the nature of tourism …

The Making of Economic Policy begins by observing that most countries' trade policies are
so blatantly contrary to all the prescriptions of the economist that there is no way to …

While most countries are committed to increasing access to safe water and thereby reducing
child mortality, there is little consensus on how to actually improve water services. One …

Network utilities, such as electricity, telephones, and gas, are public utilities that require a
fixed network to deliver their services. Because consumers have no choice of network, they …

The Social Science Encyclopedia, first published in 1985 to acclaim from social scientists,
librarians and students, was thoroughly revised in 1996, when reviewers began to describe …

Critics of privatization argue that the increased profitability of privatized companies comes at
the expense of society. Using data from 97 percent of those nonfinancial firms privatized in …