Markets for Power: An Analysis of Electric Utility Deregulation

Markets for Power: An Analysis of Electric Utility Deregulation

by Paul L. Joskow, Richard Schmalensee
     
 

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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

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Overview

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

The MIT Press

Product Details

ISBN-13:
9780262600187
Publisher:
MIT Press
Publication date:
09/22/1988
Edition description:
Reprint
Pages:
224
Sales rank:
997,711
Product dimensions:
6.00(w) x 9.00(h) x 1.00(d)
Age Range:
18 Years

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What People are saying about this

From the Publisher

"Markets for Power is a remarkably comprehensive analysis of the prospects for deregulating the electric generation industry.... The book should disabuse anyone of the notion that setting up a market for wholesale electricity is an easy task. In its scope and wisdom, it has no competitors; a 'must read' for students of the industry." Roger G. Noll , California Institute of Technology

The MIT Press

"This is by far the best treatment of regulatory policy in the electric utility industry. The book succeeds in its analysis of deregulation proposals by sticking closely to economic principles, and avoiding the tiresome polemics associated with debates over competition versus government. control.... Particularly interesting and novel is [the authors'] discussion of the potential for competition in power generation. The book is also noteworthy for its style dispassionate and closely reasoned, yet easily accessible, to the generalist." Robert Weiner
, Journal of Policy Analysis and Management

The MIT Press

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