In contemplating a regulatory approach, the challenge for regulators is to develop a model that provides incentives for utilities to engage in socially desirabl

This book is based on two seminars held at Rutgers on October 22, 1993, and May 6, 1994 entitled `Incentive Regulation for Public Utilities'. These contribution

This book proposes a new approach to the government regulation of utilities. Arguing that traditional command-and-control regulation does not encourage efficien