Expanding Competition in Regulated Industries reviews the changing regulatory environment, notably incentive regulation and competition in regulated industries. Some of the major changes in electricity, gas, and telephone utilities allow for competition in local service through unbundling.

1. Regulatory Moral Hazard: Price Caps and Endogenous Entry under the 1996 Telecommunications Act.- 2. Transmission — Enabler of Wholesale Competition.- 3. Are Electricity Markets Getting Closer Together: An Arbitrage Cost Approach for Market Integration Analysis.- 4. Preventing Exclusion at the Bottleneck: Structural and Behavioral Approaches.- 5. Universal Service Obligation: Price and Quantity Regulation.- 6. Dynamic Competition and Monopoly Regulation.- 7. Resale and the Growth of Competition 1 in Wireless Telephony.- 8. Are Residential Local Exchange Prices Too Low? Drivers to Competition in the Local Exchange Market and the Impact of Inefficient Prices.- 9. Cost Standards for Efficient Competition.- 10. Cost Efficiency and Technology of Rural Telephone Companies.