Stock Image

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

Troesken, Werner

0 ratings by Goodreads
ISBN 10: 0472107399 / ISBN 13: 9780472107391
Published by Univ Michigan Press
New Condition: BRAND NEW Hardcover
From C. Clayton Thompson - Bookseller (BOONE, NC, U.S.A.)

AbeBooks Seller Since January 4, 1998

Quantity Available: 1

Buy New
List Price: US$ 80.00
Price: US$ 75.94 Convert Currency
Shipping: Free Within U.S.A. Destination, Rates & Speeds
Add to basket

30 Day Return Policy

About this Item

BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Bookseller Inventory # 2262827

Ask Seller a Question

Bibliographic Details

Title: Why Regulate Utilities? - The New ...

Publisher: Univ Michigan Press

Binding: Hardcover

Book Condition:BRAND NEW

About this title

Synopsis:

Why Regulate Utilities? informs and revises economic thought about regulation and regulatory change. Showing that state regulation governed the behavior of local politicians as well as utilities, it gives empirical muscle to the idea that regulatory commissions act like administered contracts. Synthesizing and extending the new institutional economics, it builds a comprehensive model of institutional change and political economy. A history book, 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.
Using the late-nineteenth- and early-twentieth-century Chicago gas industry as a case in point, Troesken argues that large and irrevocable investments pervaded the gas industry. These investments created an economic prison that bound consumers, local politicians, and producers. If producers did not like the regulations established by local politicians, they were stuck; similarly, if Chicagoans did not like gas rates and service, they could not solicit the services of other producers without incurring huge costs. A battle was bound to ensue: consumers demanded relief from exorbitant rates; politicians launched antitrust suits and passed rate ordinances; producers appealed to the state legislature and the courts for relief. Ultimately Illinois created a state commission to regulate Chicago gas companies, moving the battle out of the legislature and courts and relieving them of these costly, time-consuming battles.
Werner Troesken is Assistant Professor of History and Economics, University of Pittsburgh.

About the Author:

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

"About this title" may belong to another edition of this title.

Store Description

We are a Full-Time Book Shop in business over 16 years - We accept calls at 828-265-4970 and welcome visitors to browse our shop! We can special order books and ship gift books almost anywhnere in the world. We wrap most books with jackets in Brodart Dust Jacket Protectors at no extra charge - books sent from publishers will not be in Brodart Covers. We Specialize in Civil War, Military, and Genealogy Books and have the largest selection of Civil War and Military Books on the Internet. We offer discounts on new and reprint titles. Our Home Page shown with our Abe listings offers access to videos, maps, swords, autographs, music and other Military Items. Our shop and mailing address is: C. Clayton Thompson-Bookseller, 584 Briarwood, Boone, NC 28607. We do not offer any dealer discounts on ABE orders.

Visit Seller's Storefront

Terms of Sale:

PAYMENT VIA PAYPAL, DISCOVER CARD, AMERICAN EXPRESS, VISA, OR MASTERCARD. We accept Checks and Money Orders drawn on U.S. Banks and Canadian Postal Money Orders - - if you are not sure how to arrange payment, please call us at 828-265-4970 or email us at Greatbooks@aol.com


Shipping Terms:

NOTE: FEEL FREE TO INQUIRE ABOUT SHIPPING COST ON OVERSEAS ORDERS - WE CAN NO LONGER SHIP VIA SURFACE POST - WE ARE HAPPY TO QUOTE SHIPPING ON LARGE OR HEAVY BOOKS - SIMPLY CALL US AT 828-265-4970 OR EMAIL US AT "Greatbooks@aol.com"

Shipping costs are based on standard size books sent without insurance. Some books are shipped direct from publishers and added costs may apply as stated in book description - including shipments to Hawaii, Alaska and Overseas. Feel free to contact us to inquire on shipping cost. If your book order is heavy or oversized, we will contact you to let you know extra shipping is required.

List this Seller's Books

Payment Methods
accepted by seller

Visa Mastercard American Express

Check Money Order Cash PayPal