This essay develops a new methodology for using accounting income data to estimate the economic gains and losses experienced by firms from any form of regulation. Rigorously derived from the theory of the firm, a variance components model relates the ...

Energy Security Revisited: A Report to the President of the United States (U.S. Department of Energy, March 1987) is a hefty book-240 pages of text, five appendices (several based on macroeconometric simulations), and fourteen pages of references (but no index). Parts of the book are quite good...

Federal policy toward natural gas prices is once again the subject of national debate. Thought to be settled once and for all by the Natural Gas Policy Act of 1978 (NGPA), it reemerged as an issue in 1981. The proximate causes of the renewed controversy included candidate Ronald Reagan's...