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Zusatztext `the interested reader already familiar with basic concepts of energy economics learns quite a lot of interesting points with respect to the British experience and the change in policy towards privatization and attempts to reach more competition ... the book may be used as an interesting source for the contrast between well-meant political aims and a relatively modest outcome.'Kyklos Klappentext Written in light of recent advances in the field, this book is an up-to-date account of economic aspects of the energy markets. The editors fully consider the implications for regulation, privatization, and international competition in each of the major markets--electricity, gas, coal, and oil. Zusammenfassung This is an up-to-date account of economic aspects of the energy markets, dealing with recent advances in the economics of energy and the implications for regulation, privatization, and international competition in each of the major markets - electricity, gas, coal, and oil. Inhaltsverzeichnis Introduction: Dieter Helm, John Kay, David Thompson: Energy policy and the role of the state in the market for energy; Nigel Lawson: Energy policy; David Newbery: Energy policy issues after privatization; Andrew Dilnot, Dieter Helm: Energy policy, merit goods, and social security; Department of energy: The demand for energy; Ray Rees: Modelling public enterpr ise performance; Richard Pryke: Performance of the public sector energy utilities between 1968 and 1978; Martin Slater: The rationale for marginal cost pricing; Dieter Helm, David Thompson: Competition in electricity supply: Has the Energy Act failed? Richard Schmalensee: The potential of incentive regulation; George Yarrow: Regulatory issues in the electricity supply industry; Alex Henney, David Thompson: The role of public service commissions in facilitating the development of combined heat and power generation in the US; Ian Jones: Risk analysis and optional investment in the electricity supply industry; Dieter Helm, Francis McGowan: Electricity supply in Europe; Catherine Price: Gas privatization: Effects on pricing policy; Elizabeth Hammond, Dieter Helm, David Thompson: Regulation of the gas industry; Colin Robinson, Eileen Marshall: Liberalizing the British coal industry; Bill Robinson: The economics of coal; John Kay: The economic implications of North sea oil revenues; Christopher Allsopp, John Rhys: The macroeconomic impact of North sea oil; Michael Devereux: The British experience of taxing oil extraction....
