Includes bibliographical references (pages 382-385) and index (p. 462-472).

Introduction -- I.A theory of regulation. 1. Typical justifications for regulation -- 2. Cost-of-service ratemaking -- 3. Historically based price regulation -- 4. Allocation under a public interest standard -- 5. Standard setting -- 6. Historically based allocation -- 7. Individualized screening -- 8. Alternatives to classical regulation -- 9. General guidelines for policy makers -- -- II. Appropriate solutions. 10. Match and mismatch -- 11. Mismatch : excessive competition and airline regulation -- 12. Mismatch : excessive competition and the trucking industry -- 13. Mismatch : rent control and natural gas field prices -- 14. Partial mismatch : spillovers and environmental pollution -- 15. Problems of a possible match : natural monopoly and telecommunications -- -- III. Practical reform. 16. From candidate to reform -- 17. Generic approaches to regulatory reform. On its Surface, this book is aimed at the topical issue of regulatory reform. But underneath it strives to go beyond the topical, seeking to analyze regulation as a distinct discipline and to help teach it as a separate subject.