Product Description: As the ongoing financial crisis fuels anti-market sentiment in Washington, the deregulation, industry restructuring, and regulatory reform initiatives of the last thirty years are increasingly coming under attack. In this timely monograph, Paul L...read more

Product Description: Markets for Clean Air provides a comprehensive, in-depth description and evaluation of the first three years' experience with the U.S. Acid Rain Program. This environmental control program is the world's first large-scale use of a tradable emission permit system for achieving environmental goals...read more

Product Description: A collection of articles on economic regulation and its reform. Topics covered include the political economy of regulation, efficient pricing of regulated firms, incentive regulation, the empirical effects of economic regulation in practice and network access pricing for competitive entrants...read more (view table of contents, read Amazon.com's description)

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.

Product Description: The growing public concern over rapidly rising health care costs, particularly hospital care, is understandable, with direct and indirect expenditures now amounting to about $100 billion each year. In this book, economist Paul Joskow explores the reasons for these increasing costs, the burdens of excessive hospital expenditures on the economy; and the government's role in reducing them and eliminating inefficiencies that plague the system...read more

Product Description: The growing public concern over rapidly rising health care costs, particularly hospital care, is understandable, with direct and indirect expenditures now amounting to about $100 billion each year. In this book, economist Paul Joskow explores the reasons for these increasing costs, the burdens of excessive hospital expenditures on the economy; and the government's role in reducing them and eliminating inefficiencies that plague the system...read more