Background
Sherman, Roger was born on September 10, 1930 in Jamestown, New York, United States. Son of Claire Blanchard and Margaret Gertrude (Burke) Sherman.
(This study shows how to develop ideal policies when monop...)
This study shows how to develop ideal policies when monopoly must be relied upon in place of competition and it explains why it will be difficult to induce monopolies to pursue such policies. The author develops economic welfare foundations that allow for the evaluation of an enterprise's performance from a social welfare point of view. When competition can function it brings out the best possible performance. When competition cannot function, however, welfare foundations can be used to prescribe socially desirable policies. Without competition, an enterprise is not induced to pursue these policies. Indeed, incentives created within public utilities are shown to be quite undesirable. The book examines what is known about ways to improve these incentives and familiarizes the reader with all major tools of analysis for monopoly regulation.
http://www.amazon.com/gp/product/0521368626/?tag=2022091-20
Sherman, Roger was born on September 10, 1930 in Jamestown, New York, United States. Son of Claire Blanchard and Margaret Gertrude (Burke) Sherman.
Bachelor of Science in Mathematics, Grove City College, 1952. Master of Business Administration in Finance, Harvard University, 1959. Master of Science in Economics, Carnegie-Mellon University, 1965.
Doctor of Philosophy, Carnegie-Mellon University, 1966.
Manager manufacturing control, International Business Machines Corporation Corporation, New York City, 1956-1962; assistant professor, associate professor, professor, University of Virginia, Charlottesville, 1965-1972; Brown Forman professor economics, University of Virginia, Charlottesville, since 1982; department chairman economics, University of Virginia, Charlottesville, 1982-1990. Visiting scholar University of Oxford, 1987, Sydney U., 1988.
(This study shows how to develop ideal policies when monop...)
(Book by Sherman, Roger)
Board of directors McGuffey Art Center, Charlottesville, 1984-1992. Lieutenant United States Naval Reserve, 1953-1962. Member American Economics Association, Royal Economics Society, Econometric Society.
Married Charlotte Ann Murphy, April 4, 1953 (divorced February 1995). Children: Claire Randall, Thomas Allen. Married Geraldine Szott Moohr, May 25, 1996.