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
full_title unsustainable costs of partial deregulation
author macavoy paul w
grouping_category book
lastUpdate 2017-08-14 05:04:28AM

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physical xvii, 181 p. : ill., map ; 25 cm.
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table_of_contents Introduction to network technology and market structure -- The regulation of networks -- Electric and gas network performance and partial deregulation -- The strategic response of Pacific Gas and Electric Corporation to partial deregulation during the California power crisis -- The long distance telephone networks and partial deregulation -- The singular result of partial deregulation and what can be done.
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title The unsustainable costs of partial deregulation
title_display The unsustainable costs of partial deregulation
title_full The unsustainable costs of partial deregulation [electronic resource] / Paul W. MacAvoy
title_short The unsustainable costs of partial deregulation
title_sort unsustainable costs of partial deregulation