The Natural Gas Market - Sixty Years of Regulation and Deregulation (Hardcover, New)

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.

General

Imprint:	Yale University Press
Country of origin:	United States
Release date:	2001
First published:	2001
Authors:	Paul W MacAvoy
Dimensions:	235 x 156 x 15mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	160
Edition:	New
ISBN-13:	978-0-300-08381-1
Categories:	Books > Social sciences > Politics & government > Central government > Central government policies Books > Business & Economics > Economics > Microeconomics > General Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Gas industries Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Energy & natural resources law
LSN:	0-300-08381-5
Barcode:	9780300083811

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