California Blaming.(Brief Article)

The details of California's energy crisis, rooted in basic supply-demand economics, are too numerous to list. But California's fiasco is hardly a cautionary tale for real deregulation and the efficacy of free markets. It is, however, a cautionary tale for executives signing on to half-bake...

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Bibliographic Details
Published in:Chief Executive 2001-04 (166), p.18-18
Main Author: PIPES, SALLY C
Format: Magazinearticle
Language:English
Subjects:
California
Contract negotiations
Deregulation
Electric power
Electric power supply
Electric utilities
Energy industry
Free markets
Rates (Business)
Regulation
State laws
Supply and demand
Utility regulations
Wage & price controls
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Summary:The details of California's energy crisis, rooted in basic supply-demand economics, are too numerous to list. But California's fiasco is hardly a cautionary tale for real deregulation and the efficacy of free markets. It is, however, a cautionary tale for executives signing on to half-baked command-and-control market hybrids flying under the flag of free markets.
ISSN:0160-4724