The Impact of Rate-of-Return Regulation on Technological Innovation, Mark W. Frank.

The Impact of Rate-of-Return Regulation on Technological Innovation, Mark W. Frank. Review of Industrial Organization 22: 179–182, 2003. Book Review The Impact of Rate-of-Return Regulation on Technological Innovation,Mark W. Frank, The Bruton Center for Development Studies. Burlington, VT: Ashgate Publishing Company, 2001, ix + 135 pages, $69.95. ISBN 0-7546-1609-6. The key premise of this book is that the effect of regulation on the performance of firms with market power remains economically skeptical in terms of technological advancement and economic progress. The approach focuses on the technological change of monopolies subject to rate regulation. Specifically, regulation may cause monopolistic firms to conduct technological advancement at less than the optimal level as the costs of regulation outweigh the benefits. Professor Frank identifies two research questions concerning the impact of government regulation on the innovativeness of firms with market power. The first is whether or not regulation motivates monopolies to invest more in technological innovation than otherwise. The second is whether or not social welfare advances more greatly with monopolies inducing more incentive for research and development. The study is based on the contributions of Schumpeter, mainly the idea that there is a positive relationship between monopoly power and innovation and the possibility that regulation could impact the innovation of monopolies. The book http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

The Impact of Rate-of-Return Regulation on Technological Innovation, Mark W. Frank.

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2003 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1022909203355
Publisher site
See Article on Publisher Site

Abstract

Review of Industrial Organization 22: 179–182, 2003. Book Review The Impact of Rate-of-Return Regulation on Technological Innovation,Mark W. Frank, The Bruton Center for Development Studies. Burlington, VT: Ashgate Publishing Company, 2001, ix + 135 pages, $69.95. ISBN 0-7546-1609-6. The key premise of this book is that the effect of regulation on the performance of firms with market power remains economically skeptical in terms of technological advancement and economic progress. The approach focuses on the technological change of monopolies subject to rate regulation. Specifically, regulation may cause monopolistic firms to conduct technological advancement at less than the optimal level as the costs of regulation outweigh the benefits. Professor Frank identifies two research questions concerning the impact of government regulation on the innovativeness of firms with market power. The first is whether or not regulation motivates monopolies to invest more in technological innovation than otherwise. The second is whether or not social welfare advances more greatly with monopolies inducing more incentive for research and development. The study is based on the contributions of Schumpeter, mainly the idea that there is a positive relationship between monopoly power and innovation and the possibility that regulation could impact the innovation of monopolies. The book

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 4, 2004

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