The unsustainable costs of partial deregulation

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Yale University Press,
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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.
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Grouped Work ID 45411d7c-a8de-6990-267c-ba3978fe6cc6
Grouping Title unsustainable costs of partial deregulation
Grouping Author macavoy paul w
Grouping Category book
Last Grouping Update 2018-08-06 04:40:45AM
Last Indexed 2018-09-25 04:52:54AM

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title_display The unsustainable costs of partial deregulation
title_full The unsustainable costs of partial deregulation / Paul W. MacAvoy
title_short The unsustainable costs of partial deregulation