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Water works, electric utilities, and...

Carnegie Mellon University.

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Water works, electric utilities, and cable television: Contrasting historical patterns of ownership and regulation.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Water works, electric utilities, and cable television: Contrasting historical patterns of ownership and regulation./
Author:	Jacobson, Charles David.
Description:	204 p.
Notes:	Source: Dissertation Abstracts International, Volume: 49-06, Section: A, page: 1559.
Contained By:	Dissertation Abstracts International49-06A.
Subject:	Economics, History. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoeng/servlet/advanced?query=8813720

Water works, electric utilities, and cable television: Contrasting historical patterns of ownership and regulation.
Jacobson, Charles David.

Water works, electric utilities, and cable television: Contrasting historical patterns of ownership and regulation. - 204 p.

Source: Dissertation Abstracts International, Volume: 49-06, Section: A, page: 1559.

Thesis (Ph.D.)--Carnegie Mellon University, 1988.

Economic theory suggests that similar forms of market failure in different industries should elicit similar forms of government involvement. This dissertation explicates some of the factors that have, in practice, shaped the choice and functioning of forms of government involvement in the provision of different goods and services. The inquiry focuses on the evolution of government involvement in three different urban public utility industries--water works, electric utilities, and cable television. Because they each employ fixed, specialized, and networked distribution systems, the three industries manifest similar "natural monopoly" forms of market failure. From similar beginnings, however, forms of government involvement in the three industries have evolved differently. In water works, the predominant trend has been to direct provision under municipal ownership, in electric utilities the trend has been toward continued private provision under state regulation, while in cable television, franchise contracting has thus far survived, but in vitiated form.Subjects--Topical Terms:

1017418
Economics, History.

Water works, electric utilities, and cable television: Contrasting historical patterns of ownership and regulation.
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100 1 $a Jacobson, Charles David. $3 1033000
245 1 0 $a Water works, electric utilities, and cable television: Contrasting historical patterns of ownership and regulation.
300 $a 204 p.
500 $a Source: Dissertation Abstracts International, Volume: 49-06, Section: A, page: 1559.
502 $a Thesis (Ph.D.)--Carnegie Mellon University, 1988.
520 $a Economic theory suggests that similar forms of market failure in different industries should elicit similar forms of government involvement. This dissertation explicates some of the factors that have, in practice, shaped the choice and functioning of forms of government involvement in the provision of different goods and services. The inquiry focuses on the evolution of government involvement in three different urban public utility industries--water works, electric utilities, and cable television. Because they each employ fixed, specialized, and networked distribution systems, the three industries manifest similar "natural monopoly" forms of market failure. From similar beginnings, however, forms of government involvement in the three industries have evolved differently. In water works, the predominant trend has been to direct provision under municipal ownership, in electric utilities the trend has been toward continued private provision under state regulation, while in cable television, franchise contracting has thus far survived, but in vitiated form.
520 $a Detailed examinations of case studies as well as broad trend analyses are employed to help explain this outcome. Drawing on insights developed by Oliver Williamson and other institutionally oriented economists, relationships are delineated between technological and economic attributes of the three industries, the character of issues confronted by government oversight agencies, and the choice of forms of government intervention.
520 $a It is found that neither direct competition between operating firms nor short term contracting and recurrent bidding arrangements can be relied upon to consistently protect public interests with respect to the provision of either water works, electric utility, or cable television services. In the face of this common set of difficulties, factors shown to affect the functioning of different forms of government involvement in the three industries include market discipline on price and performance arising from demand elasticities and interproduct competition, information asymmetries, and requirements for the provision of specifically public services. In practice, the extent to which these factors have been present or absent in each industry has played an important role in shaping ways in which forms of government involvement have actually evolved.
590 $a School code: 0041.
650 4 $a Economics, History. $3 1017418
650 4 $a History, United States. $3 1017393
650 4 $a Political Science, Public Administration. $3 1017438
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710 2 $a Carnegie Mellon University. $3 1018096
773 0 $t Dissertation Abstracts International $g 49-06A.
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791 $a Ph.D.
792 $a 1988
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoeng/servlet/advanced?query=8813720