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Unsustainable Costs of Partial Deregulation
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Unsustainable Costs of Partial Deregulation Hardcover - 2003

by Paul W. MacAvoy; Introduction by George Wilson


From the publisher

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.

Details

  • Title Unsustainable Costs of Partial Deregulation
  • Author Paul W. MacAvoy; Introduction by George Wilson
  • Binding Hardcover
  • Pages 204
  • Volumes 1
  • Language ENG
  • Publisher Yale University Press
  • Date 2003-11-10
  • Illustrated Yes
  • ISBN 9780300121285 / 0300121288
  • Weight 0.98 lbs (0.44 kg)
  • Dimensions 9.4 x 6.44 x 0.74 in (23.88 x 16.36 x 1.88 cm)
  • Library of Congress subjects Public utilities - Deregulation - United
  • Library of Congress Catalog Number 2007001335
  • Dewey Decimal Code 338.433

About the author

Paul W. MacAvoy is Williams Brothers Professor Emeritus of Management Studies and former dean of the School of Management, Yale University. In the Ford administration, he served as a member of the Council of Economic Advisers. MacAvoy is the author of fifteen books, including The Natural Gas Market: Sixty Years of Regulation and Deregulation, published by Yale University Press. He lives in Etna, NH, and Sarasota, FL.
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The Unsustainable Costs of Partial Deregulation
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The Unsustainable Costs of Partial Deregulation

by MacAvoy, Paul W

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