Regulating Utilities with Management Incentives
Language: English
Published by Bloomsbury Publishing Plc, US, 1989
- Hardcover
- New
Seller: Rarewaves.com USA, London, London, United KingdomRarewaves.com USA
AbeBooks seller since June 11, 2025
Condition: New
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Seller Inventory # LU-9780899303758
- Title
- Regulating Utilities with Management Incentives
- Author
- Mark Kohler, Kurt A. Strasser
- Publisher
- Bloomsbury Publishing Plc, US
- Publication year
- 1989
- Condition
- New
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0899303757
- ISBN 13
- 9780899303758
Strasser and Kohler begin by identifying problems associated with current regulatory techniques, demonstrating that disincentives are often built into the regulatory system. When that system has tried incentives, the authors show they have been applied in an ad hoc manner, further exacerbating the problem. In presenting the case for incentive-based regulation, the authors review the history of comprehensive incentive plans, look at what organization theory can teach us about using incentives as a regulatory strategy, and explore the effective use of incentive compensation by nonregulated companies. Strasser and Kohler then develop a strategy for implementing incentive plans in regulated utilities, showing that, in order to work, the plans must include the installation of clearly defined bonuses and penalties, specific standards of performance, the payment of bonuses to managers rather than shareholders, and reliable and complete measures of company performance. Policymakers, economists, public utility regulators, and attorneys involved in the complex arena of utility regulation will find Regulating Utilities with Management Incentives indispensable reading.
"Synopsis" may belong to another edition of this title.
About the Author
MARK F. KOHLER is a member of the Connecticut Bar and law clerk to the Honorable Thomas J. Meskill, U.S. Court of Appeals for the Second Circuit.
"About the title" may belong to another edition of this title.
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