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The Unsustainable Costs of Partial Deregulation
Paul W. Macavoy
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Description for The Unsustainable Costs of Partial Deregulation
hardcover. 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. Num Pages: 204 pages, black & white illustrations. BIC Classification: 1KBB; JPQB; KNB. Category: (G) General (US: Trade); (P) Professional & Vocational. Dimension: 234 x 156 x 15. Weight in Grams: 494. Fine in fine cloth covers
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 ... Read more
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 ... Read more
Product Details
Format
Hardback
Publication date
2007
Publisher
Yale University Press
Condition
Used, Very Good
Number of Pages
208
Place of Publication
, United States
ISBN
9780300121285
SKU
KSG0031759
Shipping Time
Usually ships in 2 to 4 working days
Ref
99-1
About Paul W. Macavoy
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 ... Read more
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