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By focusing on my role in airline deregulation, Philip Weiser's generous characterization of me as a political entrepreneur slights the large part of my career, expounding and then applying the economics of regulation to New York's public utilities. It fails also to convey the gradualness of my...
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Diversification by public utility companies is a topic in which I have had a longstanding interest. The second volume of my Economics of Regulation, for example, contains a 73-page chapter largely devoted to this subject. I have taken the occasion to reread that discussion, and have observed...
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