There have been several comprehensive studies of energy policy in the last few years, for example, Shurr (1979), Federal Energy Administration (1976), ERDA (1976), and the Ford Foundation (Landsberg, 1978). Unlike these studies of energy policies, this effort is not prescriptive. Rather, it...

This paper presents an analysis of the comparative statics properties of the theory of the regulated firm. It is assumed that the firm either maximizes profit, subject to regulatory constraint, or maximizes revenue, subject to regulatory constraint and a profit constraint. The question asked in...

During three periods from the end of World War II through 1970, some or all of the major copper producers held their price below the level that would have cleared the market and rationed their "available supplies." The central question posed by the two price systems is that of why any of the...