Innovative Governance of Large Urban Systems

This lecture explores the structure, regulation, pricing, and affordability of water utilities in the United States, focusing on community water systems by size and ownership. It delves into industry economics, demand, system design, regulatory frameworks, economic regulation, funding infrastructure, pressure on prices, household expenditures, water policies, pricing strategies, stakeholder perspectives, steps in ratemaking, cost allocation, rate design, evaluating utility rates, efficiency and equity, price signals, affordability concerns, and policies to address them.

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Related concepts (50)

Regulation

Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.

Policy

Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making. Policies used in subjective decision-making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result, are often hard to test objectively, e.

Demand

In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. The relationship between price and quantity demand is also called the demand curve. Demand for a specific item is a function of an item's perceived necessity, price, perceived quality, convenience, available alternatives, purchasers' disposable income and tastes, and many other options. Innumerable factors and circumstances affect a consumer's willingness or to buy a good.

Pricing

Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of product. Pricing is a fundamental aspect of product management and is one of the four Ps of the marketing mix, the other three aspects being product, promotion, and place.

Pricing strategies

A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy. Pricing strategies and tactics vary from company to company, and also differ across countries, cultures, industries and over time, with the maturing of industries and markets and changes in wider economic conditions.

Innovative Governance of Large Urban Systems

Learn about the three phases of the urban value chain: planning, governance and regeneration. With lecturers from all around the world and concrete case studies, this course will give you a comprehens

Water Utilities: Structure, regulation, pricing and affordability

Explores the structure, regulation, pricing, and affordability of water utilities in the U.S.

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