Markets for Power provides an unusually complete analysis of the
economic, technical, and institutional aspects of the electric
utility industry. The authors evaluate four currently popular
options for deregulating this unique segment of the economy, and in
a balanced program for reform, they advise against total
deregulation and recommend a cautious approach to even partial
deregulation.Paul L. Joskow is Professor of Economics and Richard
Schmalensee is Professor of Applied Economics, both at MIT
General
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