Description
Explore how regulation of natural monopolies has changed over time. “Regulation of natural monopoly 1” and the references to other papers in it should give you the bulk of the references needed.
Include how the definition of natural monopoly has changed over time. The need for regulation of natural monopolies. Types of regulation used in the UK industry RPI – X etc. Issues with regulation e.g. asymmetric information, regulatory capture.
Utilities: Gas, Electricity and water
