Series: Advanced Textbooks in Economics

The aim of the series is to cover topics in economic, mathematical economics and econometrics, at a level suitable for graduate students or final year undergraduates specialising in economics. There is at any time much material that has become well established in journal papers and discussion series which still awaits a clear, self-contained treatment that can easily be mastered by students without considerable preparation or extra reading. Leading specialists are invited to contribute volumes to fill such gaps. Primary emphasis will be placed on clarity, comprehensive coverage of sensibly defined areas, and insight into fundamentals, but original ideas will not be excluded. Certain volumes will therefore add to existing knowledge, while others will serve as a means of communicating both known and new ideas in a way that will inspire and attract students not already familiar with the subject matter concerned.

Most recent volume

Volume 34. Pricing and Price Regulation

Published: 24th November 1994 Author: D. Bös
This clear, precisely written text presents an important branch of the modern, micro-economically based theory of industrial organization and of public finance, utilizing calculus only.

Answers are provided to some pertinent economic questions, such as the pricing policies of vote-seeking politicians, of empire-building bureaucrats and of out-put-maximizing and energy-saving public utilities. These policies are compared with the welfare economic benchmark rules e.g. on marginal cost pricing and Ramsey pricing. Great significance is attached to price regulation.

The book elucidates the recent replacement of rate of return regulation by price-cap regulation. It also explains why many simple rules like yardstick regulation fail to achieve optimal prices, which shows how complicated it is to induce managers to truthfully reveal their private information. How this can be achieved properly is shown in various principal-agent models on regulation with uncertain costs, uncertain demand and with soft budget constraints.

Additional volumes

Introduction to the Use of General Equilibrium Analysis

Author: R.R. Cornwall

Volume 30. Microeconomics

Published: 9th October 1990 Authors: M.C. Blad H. Keiding

Volume 26. History of Economic Theory

Published: 1st June 1989 Author: T. Negishi

Volume 17. Stochastic Methods in Economics and Finance

Published: 1st December 1981 Authors: A.G. Malliaris W.A. Brock

Notes and Problems in Microeconomic Theory

Published: 1st January 1980 Authors: Peter Dixon S. Bowles David Kendrick L. Taylor M. Roberts

Volume 37. Measurement Error and Latent Variables in Econometrics

Published: 8th December 2000 Authors: T. Wansbeek E. Meijer

Volume 18. The Strategy of Social Choice

Published: 1st January 1983 Editors: C.J. Bliss M.D. Intriligator Author: H. Moulin

Volume 24. Optimal Control Theory with Economic Applications

Published: 1st February 1987 Authors: A. Seierstad K. Sydsæter

Volume 2. Lectures on Microeconomic Theory

Published: 1st May 1985 Author: E. Malinvaud

Volume 29. Economics of Insurance

Published: 14th December 1989 Authors: K.H. Borch A. Sandmo K.K. Aase

Volume 36. Principles of Macroeconometric Modeling

Published: 21st September 1999 Authors: L.R. Klein W. Welfe A. Welfe

Volume 32. Notes and Problems in Applied General Equilibrium Economics

Published: 27th March 1992 Authors: K.R. Pearson B.R. Parmenter A.A. Powell P.J. Wilcoxen P.B. Dixon

Volume 12. General Competitive Analysis

Published: 31st December 1983 Authors: Kenneth Arrow F.H. Hahn

Volume 23. Public Enterprise Economics

Published: 1st January 1989 Editors: C. J. Bliss M. D. Intriligator Author: Dieter Bös

Volume 7. Foundations of Econometrics

Published: 1st January 1976 Editors: C. J. Bliss M. D. Intriligator Author: Albert Madansky

Volume 4. Capital Theory and the Distribution of Income

Published: 1st January 1975 Editor: C. J. Bliss Author: C. J. Bliss

Volume 1. Variational Methods in Economics

Published: 1st January 1971 Editor: C. J. Bliss Authors: G. Hadley M. C. Kemp

Volume 5. Applied Consumption Analysis

Published: 1st October 1983 Author: L. Phlips

Volume 13. Investment

Published: 1st January 1971 Editors: C. J. Bliss M. D. Intriligator Author: Philip J. Lund

Volume 6. Introduction to Equilibrium Analysis

Published: 1st January 1976 Editors: C. J. Bliss M. D. Intriligator Authors: W. Hildenbrand A. P. Kirman

Volume 21. The Economics of Organization

Published: 1st January 1983 Editors: C.J. Bliss M.D. Intriligator Author: James D. Hess

Volume 11. Collective Choice and Social Welfare

Published: 1st January 1984 Author: A.K. Sen