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Viser: Selling Power - Economics, Policy, and Electric Utilities Before 1940
Selling Power Vital Source e-bog
John L. Neufeld
(2016)
Selling Power
Economics, Policy, and Electric Utilities Before 1940
John L. Neufeld
(2016)
Sprog: Engelsk
om ca. 10 hverdage
Detaljer om varen
- 1. Udgave
- Vital Source searchable e-book (Reflowable pages)
- Udgiver: University of Chicago Press (November 2016)
- ISBN: 9780226399775
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Detaljer om varen
- Hardback: 336 sider
- Udgiver: University of Chicago Press (November 2016)
- ISBN: 9780226399638
John L. Neufeld offers a comprehensive historical treatment of the economics that shaped electric utilities. Compared with most industries, the organization of the electric utility industry is not--and cannot be--economically efficient. Most industries are kept by law in a state of fair competition, but the capital necessary to start an electric company--generators, transmission and distribution systems, and land and buildings--is so substantial that few companies can enter the market and compete. Therefore, the natural state of the electric utility industry since its inception has been a monopoly subject to government oversight. These characteristics of electric utilities--and electricity's importance--have created over time sharp political controversies, and changing public policies have dramatically changed the industry's structure to an extent matched by few other industries. Neufeld outlines the struggles that shaped the industry's development, and shows how the experience of electric utilities provides insight into the design of economic institutions, including today's new large-scale markets.
Chapter 1. Early Commercialization
Chapter 2. The First Electric Utilities
Chapter 3. The Adoption of State Commission Rate Regulation
Chapter 4. Growth and Growing Pains
Chapter 5. Public Utility Holding Companies: Opportunity and Crisis
Chapter 6. Public Utility Holding Companies: Indictment and "Death Sentence"
Chapter 7. Hydroelectricity and the Federal Government
Chapter 8. Rural Electrification Conclusion and a Look Forward from 1940 Notes Bibliography Index