1.9 George Stigler and Claire Friedland studied both unregulated and regulated electric utilities and found no difference...

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1.9 George Stigler and Claire Friedland studied both unregulated and regulated electric utilities and found no difference in the rates they charged. One could draw the conclusion that regulation is ineffective when it comes to utility rates. What ideas or hypotheses presented in this chapter might have predicted this result?

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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