Effects of the change from rate-of-return to price-cap regulation

Article Abstract:

Price-cap (PC) regulation is a form of incentive regulation that allows firms to increase profits by increasing production efficiency. PC regulation has been used in the US telephone industry to keep an index of prices for designated services below a set level. FCC's PC regulation of AT and T did not limit the firm's rate of return. However, state regulation of local exchange carriers often uses a sliding-scale program to limit rate of return.

Telephone communications, exc. radio, Regulation, admin. of utilities, Research, Laws, regulations and rules, Telecommunications services industry, Telecommunications industry, United States. Federal Communications Commission, Long distance telephone services, Long-distance telephone service, American Telephone and Telegraph Co., Price control, Price regulations

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With what skills are computers a complement?

Article Abstract:

The effect of computers on the demand for skilled labor, particularly custodian services, is studied by using the custodian unit of Tammany Bank as subject. The job of custodians before computerization include data rework, cash calculations, ledger maintenance, valuation and analysis. After computerization, said jobs became more complex and required the retraining of workers and the hiring of highly-skilled individuals.

Commercial Banks, Commercial Banking, Banking industry, Evaluation, Digital computers, Skilled labor, Bank automation, Bank employees

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Quantitative aggregate economics

Article Abstract:

The use of computational experiment in macroeconomics can help researchers set up an environment for a model economy and take people's behavior into account. The use of computers in these experiments to facilitate teaching of macroeconomics is also discussed.

United States, Computers & Auxiliary Equip, Models, Study and teaching, Macroeconomics, Educational aspects, Economic systems, Software/hardware leasing

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