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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This w...

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Excerpt from The Regulation-Induced Shortage of Natural GasIn the last three years there have been an increasing and large number of important policy statements on the shortage of natural gas. 'some have taken the form of assessments of the seriousness of the shortage, and others have sought to determine the ways in which it can be ameliorated. Almost all declarations on the subject have looked to the Federal Power Commission area rates (or ce...

Excerpt from An Econometric Policy Model of Natural GasMuch has been made of an energy crisis in the United States, and the need for planning to meet needs of consumers in the coming decades. Economists have not joined the legions of those proclaiming emergency, except perhaps in the case of natural gas. In this industry, there is a crisis in the economist's sense of non-clearing of demands. There exists a shortage of natural gas in this count...

Excerpt from The Federal Power Commission: Economic Assessment and Legal ReformThis point of view does not encompass all aspects of regulatory activities, nor does it lead to all possible pro posals for reform of the Federal Power Commission. There is no analysis here of the activities of particular Commissioners, of their individual performance and how they affected the trend of Commission decisions. Individual Commissioners have been importa...

Excerpt from The Engineering Economics of Large Scale DesaltingThere is no general economic theory on the effects from desalting. At least the case is not made here for a set of equations which describe changes in national products from de salting as compared to alternative investments. The fear is that this would not be operational at this time, because not enough research has been done on relationships between desalted water and final produc...

In recent years, government regulation of industry has had effects throughout the economy. What began nearly a century ago as a single federal agency to curb monopolistic practices of utilities and railroads has become a maze of commissions applying pricing or investment constraints on industries both with and without monopoly power.

Work on this book began in the Spring of 1983, not long­ after an Amax Corporation annual budget meeting. As a member of the Amax board of directors since 1979, I had been present at such meetings in which the molybdenum price had been forecast to move higher than $7.00 per pound. The actual annual average prices were $9.70 in 1980, $8.50 in 1981, and $4.00 in 1982. The forecast for 1983 called for prices to return to higher levels, but as bot...

The book is divided into three major sections. The first presents a theoretical discussion that underlies the other essays. The second section deals with privatization issues from the perspective of the United States. The third describes research addressed to the U. K. and Canada. In the first chapter, Richard Zeckbauser and Murray Horn develop a wide-ranging theoretical framework for assessing the capabilities and role of state-owned enterpri...

Work on this book began in the Spring of 1983, not long­ after an Amax Corporation annual budget meeting. As a member of the Amax board of directors since 1979, I had been present at such meetings in which the molybdenum price had been forecast to move higher than $7.00 per pound. The actual annual average prices were $9.70 in 1980, $8.50 in 1981, and $4.00 in 1982. The forecast for 1983 called for prices to return to higher levels, but as bot...

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These shocks produced and immediate and strong regulatory reaction by US policy makers. More new regulations were instituted for energy markets in the 1970s than for any other product in the economy. How effective was this upsurge in energy policy? MacAvoy, a former member of the Council of Economic Advisers, examines these regulations and policies: their goals, their implementation, their success, and their costs to the economy.

Beginning with the Act to Regulate Commerce of 1887, Professor MacAvoy traces the rise of regulation over one hundred years to its sharp curtailment in the 1980s. Originally invoked as a means of controlling the prices set by monopolies, this policy tool found extended use in the last quarter-century to do everything from keeping down energy prices to protecting the health and safety of workers and the quality of the environment. In most cases...

Excerpt from The Engineering Economics of Large Scale Desalting Very little is known of the social and economic effects from adding desalting plants to any country's stock of capital. There is no historical evidence on these effects because the plants now in operation are too small or too recent to have had measurable results. There has been only limited analytical work which can be used to forecast future effects. Yet the results could be c...

Excerpt from Production Functions of Fast Breeder Reactors Study, op.git., Section Economics data.i The number of components is estimated from counting items of equipment in Tables Reactor Equipment Cost Summary, and in the plant layout charts and diagrams shown throughout the report. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproductio...

Three decades ago, federal policymakers- Republicans and Democrats- embarked on a general strategy of deregulation. In the electricity, gas delivery, and telecommunications industries, the strategy called for restructuring to separate production from transmission and distribution, followed by elimination of price controls. The expected results were lower prices and increased quality, reliability, and scope of services. Paul W. MacAvoy, an econ...

Excerpt from An Econometric Policy Model of Natural GasMuch has been made of an energy crisis in the United States, and the need for planning to meet needs of consumers in the coming decades. Economists have not joined the legions of those proclaiming emergency, except perhaps in the case of natural gas. In this industry, there is a crisis in the economist's sense of non-clearing of demands. There exists a shortage of natural gas in this count...

Excerpt from The Regulation-Induced Shortage of Natural Gas In the last three years there have been an increasing and large number of important policy statements on the shortage of natural gas. 'some have taken the form of assessments of the seriousness of the shortage, and others have sought to determine the ways in which it can be ameliorated. Almost all declarations on the subject have looked to the Federal Power Commission area rates (or ...

Excerpt from The Federal Power Commission: Economic Assessment and Legal ReformThis point of view does not encompass all aspects of regulatory activities, nor does it lead to all possible pro posals for reform of the Federal Power Commission. There is no analysis here of the activities of particular Commissioners, of their individual performance and how they affected the trend of Commission decisions. Individual Commissioners have been importa...