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The unsustainable costs of partial deregulation /
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 elim...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New Haven [Conn.] :
Yale University Press,
©2007.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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 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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| Descripción Física: | 1 online resource (xvii, 181 pages) : illustrations, map |
| Bibliografía: | Includes bibliographical references (pages 165-171) and index. |
| ISBN: | 9780300137750 0300137753 9786611735203 6611735208 |