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CEIC-05-09

"Lessons from the Failure of U.S. Electricity Restructuring"

Seth A. Blumsack, Jay Apt, and Lester B. Lave

Abstract:
Blind faith is unlikely to produce a free market that is competitive. Substituting markets for traditional regulation is only one choice among many policy instruments to achieve a goal of lower prices; such substitution should not be in itself a goal.

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