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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Yorikke who wrote (4096)6/16/2001 11:14:47 AM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
I believe there is a theory in first year economics that speaks of natural monopolies,

I seem to recall the same thing. At least I remember the discourse about public and private market failure... :0)

But I also believe in providing mechanisms like PURPA, where monopoly utilities who hike prices too high, will be forced to purchase production from smaller peak producers who find the financial returns hard to resist when they have a guaranteed buyer.

Same thing with forcing exchange carriers to grant access to small long-distance carriers.

Hawk



To: Yorikke who wrote (4096)6/16/2001 1:53:16 PM
From: Raymond Duray  Respond to of 33421
 
When the Revolution Took a U-Turn

Hi Yorrike,

As an anarcho-groucho-marxist, I took great delight in the whiz-dom of your statement: As time goes on I am only impressed by the fact that the radical communists were as good at screwing up a not half bad theory as the the radical capitalists are beginning to be at screwing up another.

Leninism wasn't Marxism and what we are creating in the US isn't laisse-faire capitalism or a "free" market. Of course, you said it better. :)

Cheerio, Ray



To: Yorikke who wrote (4096)6/16/2001 9:29:15 PM
From: Moominoid  Read Replies (1) | Respond to of 33421
 
The problem in California seems to be that prices to consumers are still regulated as the regulaiton of monopoly theory suggests but the wholesale market isn't so high prices of wholesale electricity can't be passed on to consumers. When a utility is just a distributor and not a producer of electricity slearly a different approach to regulation is needed.