Suchergebnisse

Economists' debate over the public utility "regulatory contract" has increasingly focused on three issues created by sunk costs: (i) Protection of sunk capital, (ii) Division of "windfalls" in a world of uncertainty, and (Hi) Mechanisms to control the regulator who administers long‐term agreements. This article uses these three criteria to evaluate regulatory alternatives in the natural gas industry. Facing similar problems under criteria 1 and 2 are: government regulation of pipelines as integrated gas merchants, government regulation of pipelines as gas transporters, and private regulation through competitive contracting. Private contracting, however, offers superior control over the contract administrator, because it removes the Federal Energy Regulatory Commission's monopoly on contract administration.

Der Autor betrachtet 'African business' innerhalb eines theoretischen Rahmens sozialer Verantwortung. Er skizziert verschiedene Bedrohungen von Gesellschaft und Umwelt und zeigt, daß vor allem Klein- und Mittelbetriebe die größte Bedrohung darstellen. Er fordert eine Sonderkommission der OAU, die nicht nur Empfehlungen an die afrikanischen Regierungen erarbeiten, sondern auch mit den multilateralen Entwicklungsagenturen neue Umweltstandards aushandeln soll. (DÜI-Sth)