Spring 1971 Table of Contents

• George J. Stigler
  The Theory of Economic Regulation

• Richard A. Posner
  Taxation by Regulation

• J. Daniel Khazzoom
  The FPC Staff's Econometric Model of Natural Gas Supply in the United States

• Edward W. Erickson and Robert M. Spann
  Supply Response in a Regulated Industry: The Case of Natural Gas

• Alvin K. Klevorick
  The "Optimal" Fair Rate of Return

• William S. Comanor and Bridger M. Mitchell
  Cable Television and the Impact of Regulation

• Dale W. Jorgenson and Sidney S. Handel
  Investment Behavior in U.S. Regulated Industries

• Robert H. Litzenberger and Cherukuri U. Rao
  Estimates of the Marginal Rate of Time Preference and Average Risk Aversion of Investors in Electric Utility Shares: 1960-66

• Elizabeth E. Bailey and Roger D. Coleman
  The Effect of Lagged Regulation in an Averch-Johnson Model

• Daniel M. Holland
  An Evaluation of Tax Incentives for On-the-Job Training of the Disadvantaged

• James R. Nelson
  The Ralph Nader Study Group Report on the Interstate Commerce Commission

• William Vickrey
  Responsive Pricing of Public Utility Services

• Peter L. Swan
  The Durability of Goods and Regulation of Monopoly

• Gordon R. Corey
  The Averch and Johnson Proposition: A Critical Analysis

• Noel M. Edelson
  Resource Allocation and the Regulated Firm: A Reply to Bailey and Malone

• Paul W. MacAvoy
  The Formal Work-Product of the Federal Power Commissioners

• Hirschel Kasper
  The Measures of Economic Costs

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