• Corpus ID: 153295171

Deregulating Electric Utilities: A Market-Process Approach

@article{Houston1983DeregulatingEU,
  title={Deregulating Electric Utilities: A Market-Process Approach},
  author={Douglas A. Houston},
  journal={Cato Journal},
  year={1983},
  volume={3},
  pages={831-853}
}
The basic assumptions on which public utility regulation have been built are increasingly challenged. Longstanding policy prescriptions no longer have unwavering support from academicians, politicians, or executives in the regulated industries. There appears to be a widespread recognition that, due to exhaustion of scale economies, the generation sector of the electricity industry may accommodate a competitive market structure.’ But can any of the many proposals for rearranging the industry… 
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