Unsustainable Costs of Partial Deregulation

Klappentext Three decades ago! federal policymakers- Republicans and Democrats- embarked on a general strategy of deregulation. In the electricity! gas delivery! and telecommunications industries! the strategy called for restructuring to separate production from transmission and distribution! followed by elimination of price controls. The expected results were lower prices and increased quality! reliability! and scope of services. Paul W. MacAvoy! an economist with forty years of experience in the regulatory field! here assesses the results and concludes that deregulation has failed to achieve any of these goals in any of these industries. MacAvoy shows that we now have only "partial" deregulation! a mixture of oligopoly structure with direct price control. He explores why this system leads to volatile and high prices! reduced investment! and low profitability! and what policy actions can be implemented to address these problems. Zusammenfassung Shows that we have only partial deregulation! a mixture of oligopoly structure with direct price control. This work also explores why this system leads to volatile and high prices! reduced investment! and low profitability! and what policy actions can be implemented to address these problems.

Product details

• Authors: Paul W. Macavoy, Macavoy Paul W, MacAvoy Paul W.
• Publisher: Yale University Press Ltd
• Languages: English
• Product format: Hardback
• Released: 27.07.2007
• EAN: 9780300121285
• ISBN: 978-0-300-12128-5
• No. of pages: 208
• Dimensions: 159 mm x 241 mm x 13 mm
• Subjects: Social sciences, law, business > Business > Individual industrial sectors, branches; USA, BUSINESS & ECONOMICS / Industries / Energy, POLITICAL SCIENCE / Public Policy / Energy Policy, POLITICAL SCIENCE / American Government / National, United States of America, USA, Energy industries & utilities, Central / national / federal government policies, Central government policies, Energy industries and utilities