4452549

9780262100281

Markets for Power: An Analysis of Electric Utility Deregulation - Paul L. Joskow - Hardcover

Markets for Power: An Analysis of Electric Utility Deregulation - Paul L. Joskow - Hardcover
$106.74
$3.95 Shipping
  • Condition: Good
  • Provider: Bonita Contact
  • Provider Rating:
    0%
  • Ships From: Multiple Locations
  • Shipping: Standard
  • Comments: Access codes and supplements are not guaranteed with used items. May be an ex-library book.

seal  

Ask the provider about this item.

Most renters respond to questions in 48 hours or less.
The response will be emailed to you.
Cancel
  • ISBN-13: 9780262100281
  • ISBN: 0262100282
  • Publisher: MIT Press

AUTHOR

Joskow, Paul L., Schmalensee, Richard

SUMMARY

This timely study evaluates four generic proposals for allowing free market forces to replace government regulation in the electric power industry and concludes that none of the deregulation alternatives considered represents a panacea for the performance failures associated with things as they are now. It proposes a balanced program of regulatory reform and deregulation that promises to improve industry performance in the short run, resolve uncertainties about the costs and benefits of deregulation, and positions the industry for more extensive deregulation in the long run should interim experimentation with deregulation, structural, and regulatory reforms make it desirable. The book integrates modern microeconomic theory with a comprehensive analysis of the economic, technical, and institutional characteristics of modern electrical power systems. It emphasizes that casual analogies to successful deregulation efforts in other sectors of the economy are an inadequate and potentially misleading basis for public policy in the electric power industry, which has economic and technical characteristics that are quite different from those in other deregulated industries. Paul L. Joskow is Professor of Economics at MIT, author of Controlling Hospital Costs(MIT Press 1981) and coauthor with Martin L. Baughman and Dilip P. Kamat of Electric Power in the United States(MIT Press 1979). Richard Schmalensee, also at MIT, is Professor of Applied Economics, author of The Economics of Advertising and The Control of Natural Monopolies, and editor of The MIT Press Series, Regulation of Economic Activity.Joskow, Paul L. is the author of 'Markets for Power: An Analysis of Electric Utility Deregulation - Paul L. Joskow - Hardcover' with ISBN 9780262100281 and ISBN 0262100282.

[read more]

Questions about purchases?

You can find lots of answers to common customer questions in our FAQs

View a detailed breakdown of our shipping prices

Learn about our return policy

Still need help? Feel free to contact us

View college textbooks by subject
and top textbooks for college

The ValoreBooks Guarantee

The ValoreBooks Guarantee

With our dedicated customer support team, you can rest easy knowing that we're doing everything we can to save you time, money, and stress.