An Econometric Policy Model of Natural Gas (Classic Reprint) - Softcover

Paul W. Macavoy

Softcover

ISBN 10: 1333252455 ISBN 13: 9781333252458

Publisher: Forgotten Books, 2020

Synopsis

Excerpt from An Econometric Policy Model of Natural Gas

Much 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 country, to the extent that non-delivery on contract sales was approximately 3 percent of total sales of the inter4 state pipelines in 1971-1972, and 2 percent of national sales by all sources [4, Chapter This crisis has been precipitated by direct control of gas field contract prices by the Federal Power Commission in the 1960's Policy changes are needed to solve this crisis.

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About this title

About the Author

Paul W. MacAvoy is a Thomas F. and William J. Gilbane President Fellow in the Department of Economics at Brown University. Professor MacAvoy served on President Ford's Council of Economic Advisors and on the board of directors of several corporations including Lafarge, American Cyanamid, Alumax, Combustion Engineering and the Chase Manhattan Bank Corporation. He is the author of twenty books and numerous journal articles focusing on government regulation of the structure and conduct of the corporation. Ira M. Millstein, Senior Partner, Weil, Gotshal & Manges LLP, has taught corporate governance, antitrust, and government regulation at New York University, Harvard's Kennedy School of Government, and currently as a Visiting Professor at the Yale University School of Management. An Elected Fellow of the American Academy of Arts & Sciences, he has counseled over 50 public and philanthropic boards, including General Motors, CalPERS, Tyco, and The Nature Conservancy, and has published numerous articles on corporate governance.

ROBERT S. PINDYCK is the Mitsubishi Bank Professor in Economics and Finance in the Sloan School of Management at M.I.T. He is also a Research Associate of the National Bureau of Economic Research, and a Fellow of the Econometric Society, and has been a Visiting Professor of Economics at Tel-Aviv University. He received his Ph.D. in Economics from M.I.T. in 1971. Professor Pindyck's research and writing have covered a variety of topics in micro economics and industrial organization, including the effects of uncertainty on firm behavior and market structure, determinants of market power, the behavior of natural resource, commodity, and financial markets, and criteria for investment decisions. He has been a consultant to a number of public and private organizations, and is currently co-editor of "The Review of Economics and Statistics." He is also the co-author with Daniel Rubinfield of "Econometric Models and Economic Forecasts," a best-selling textbook that may or may not be turned into a feature film.

DANIEL L. RUBINFELD is Robert L. Bridges Professor of Law and Professor of Economics at the University of California, Berkeley. He taught previously at Suffolk University, Wellesley College, and the University of Michigan, and served from June 1997 through December 1998 as Deputy Assistant Attorney General for Antitrust in the U.S. Department of Justice. He has been a Fellow at the National Bureau of Economic Research, the Center for Advanced Study in the Behavioral Sciences, and the John Simon Guggenheim Foundation. He received a BA in mathematics from Princeton University in 1967 and a Ph.D. in Economics from M.I.T. in 1972. Professor Rubinfeld is the author of a variety ofarticles relating to competition policy, law and economics, law and statistics, and public economics. He is currently co-editor of the "International Review of Law and Economics," and has served as Associate Dean and Chair of the Jurisprudence and Social Policy Program at Berkeley from 1987-1990 and 1999-2000. He is the co-author (with Robert Pindyck) of "Econometric Models and Economic Forecasts," and expects to play the lead in the film version of the book.

About this edition

• Publisher: Forgotten Books
• Publication date: 2020
• ISBN 10: 1333252455
• ISBN 13: 9781333252458
• Binding: Paperback
• Number of pages: 169