The Natural Gas Market by Paul W. MacAvoy
Estimated delivery 3-12 business days
Format Hardcover
Condition Brand New
Description Over six decades federal regulatory agencies have attempted different strategies to regulate the natural gas industry in the USA. This work demonstrates that no affected group has gained from these experiments in public control and that all participants would gain from deregulation.
Publisher Description
Over the past six decades federal regulatory agencies have attempted different strategies to regulate the natural gas industry in the United States. All have been unsuccessful, resulting in nationwide gas shortages or massive gas surpluses and costing the nation scores of billions of dollars. In addition, partial deregulation has led the regulatory agency to become more involved in controlling individual transactions among gas producers, distributors, and consumers. In this important book, Paul MacAvoy demonstrates that no affected group has gained from these experiments in public control and that all participants would gain from complete deregulation. Although losses have declined with partial deregulation in recent years, current regulatory practices still limit the growth of supply through the transmission system. MacAvoy's history of the regulation of natural gas is a cautionary tale for other natural resource or network industries that are regulated or are about to be regulated.
Author Biography
Paul W. MacAvoy is Williams Brothers Professor of Management Studies and former dean of the School of Management, Yale University.
Details ISBN 0300083815 ISBN-13 9780300083811 Title The Natural Gas Market Author Paul W. MacAvoy Format Hardcover Year 2001 Pages 160 Publisher Yale University Press GE_Item_ID:7000680; About Us
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