Preface and Acknowledgements. 1. Regulatory Governance and Competitive Entry; M.A. Crew, P.R. Kleindorfer. 2. Monopoly Leveraging, Path Dependency, and the Case for a Local Competition Threshold for RBOC Entry into InterLATA Toll; T.R. Beard, et al. 3. Lowering Prices with Tougher Regulation: Forward-Looking Costs, Depreciation, and the Telecommunications Act of 1996; M.A. Salinger. 4. Stranded Assets in Network Industries in Transition; M.A. Crew, P.R. Kleindorfer. 5. Comparing `Stranded Cost' Arguments in Telecommunications and Electricity; T.J. Brennan. 6. An Economic Analysis of the Stranded Cost Issue Facing Electric Utilities and Policymakers Today; C.L. Loxley. 7. Performance Measurement for Price-Cap Regulation of Telecommunications Using Evidence from a Cross-Section Study of United States Local Exchange Carriers; J.R. Norsworthy, D.H. Tsai. 8. Computable General Equilibrium Models and Electricity CO2 Emissions; Y. Kang, M. Spiegel. 9. Customer Response to Real-Time Prices in the England and Wales Electricity Market: Implications for Demand-Side Bidding and Pricing Options Design Under Competition; R.H. Patrick, F.A. Wolak.