Spring 1974 Table of Contents

Volume 5, No. 1

Hayne E. Leland
Regulation of Natural Monopolies and the Fair Rate of Return
Jeffrey Rohlfs
A Theory of Interdependent Demand for a Communications Service
Robert M. Spann
Rate of Return Regulation and Efficiency in Production: An Empirical Test of the Averch-Johnson Thesis
Léon Courville
Regulation and Efficiency in the Electric Utility Industry
Elizabeth E. Bailey and Lawrence J. White
Reversals in Peak and Offpeak Prices
Jeffrey F. Jaffe
The Effect of Regulation Changes on Insider Trading
Hayne E. Leland
Production Theory and the Stock Market
Robert C. Merton and Marti G. Subrahmanyam
The Optimality of a Competitive Stock Market
Steinar Ekern and Robert Wilson
On the Theory of the Firm in an Economy with Incomplete Markets
Roy Radner
A Note on Unanimity of Stockholders' Preferences among Alternative Production Plans: A Reformulation of the Ekern-Wilson Model
John Craven
Space-Time Pricing for Public Utilities
Charles H. Berry
Corporate Diversification and Market Structure
George W. Douglas and James C. Miller III
The CAB's Domestic Passenger Fare Investigation
Oliver E. Williamson
Peak-Load Pricing: Some Further Remarks
Peter B. Linhart
Depreciation in a Simple Regulatory Model: Comment
Bruce L. Jaffee
Depreciation in a Simple Regulatory Model: Reply
Bridger M. Mitchell and Robert H. Smiley
Cable, Cities, and Copyrights
Robert W. Crandall and Lionel L. Fray
A Reexamination of the Prophecy of Doom for Cable Television
Leonard W. Weiss
Cowling's Market Structure and Corporate Behavior
Peter A. Diamond
Posner's Economic Analysis of Law
Stanley M. Besen and Bridger M. Mitchell
Noll, Peck, and McGowan's Economic Aspects of Television Regulation
Paul L. Joskow
Approving Nuclear Power Plants: Scientific Decisionmaking or Administrative Charade?