The unsustainable costs of partial deregulation / Paul W. MacAvoy.

Format:

Book

Author/Creator:

MacAvoy, Paul W.

Language:

English

Subjects (All):

Public utilities--Deregulation--United States.

Public utilities.

Municipal franchises.

Physical Description:

1 online resource (1 online resource (xvii, 181 p.) ) ill., map.

Edition:

1st ed.

Place of Publication:

New Haven, CT : Yale University Press, c2007.

Language Note:

English

Summary:

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.

Contents:

Front matter

Contents

Figures

Tables

Preface

Chapter 1 Introduction to Network Technology and Market Structure

Chapter 2 The Regulation of Networks

Chapter 3 Electric and Gas Network Performance and Partial Deregulation

Chapter 4 The Strategic Response of Pacific Gas and Electric Corporation to Partial Deregulation during the California Power Crisis

Chapter 5 The Long Distance Telephone Networks and Partial Deregulation

Chapter 6 The Singular Result of Partial Deregulation and What Can Be Done

Notes

Bibliography

Index

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 147-171) and index.

ISBN:

1-281-73520-5

9786611735203

0-300-13775-3

OCLC:

1024045095