The Economic Regulation of Private Industries by Price Constraints
分析了英国对私有化产业实施的两种价格规制形式（资费篮子和平均收入约束），指出资费篮子约束能激励更有效的价格结构，是更优的规制方式。
Regulation of some newly privatised industries in the UK has been implemented by restricting annual price increases. This paper analyses the two forms which such regulation has taken-the tariff basket approach (applied to British Telecom) and the average revenue constraint imposed upon British Gas and the British Airports Authority. The incentives given by the tariff basket constraint to a profit maximiser are likely to result in a more efficient price structure than would occur under an average revenue constraint, demonstrating that the former is generally a superior form of regulation.