Background
MacAvoy, Paul Webster was born on April 21, 1934 in Haverhill, Massachusetts, United States. Son of Paul Everett and Louise Madeline (Webster) MacA.
(This study concentrates on the economic reasons for regul...)
This study concentrates on the economic reasons for regulation, stating the characteristics of price formation--monoploy price formation and competitive and monopsony price formation--in order to see which corresponds most closely to actul price formation.
http://www.amazon.com/gp/product/0300007302/?tag=2022091-20
(Work on this book began in the Spring of 1983, not longĀ ...)
Work on this book began in the Spring of 1983, not longĀ after an Amax Corporation annual budget meeting. As a member of the Amax board of directors since 1979, I had been present at such meetings in which the molybdenum price had been forecast to move higher than $7.00 per pound. The actual annual average prices were $9.70 in 1980, $8.50 in 1981, and $4.00 in 1982. The forecast for 1983 called for prices to return to higher levels, but as both dealer and producer prices declined further, my research began in earnest. Initially, the research was to address the question of why the molybdenum price had declined by more than half in a short period. More fundamental, as other metals prices also declined, was an impelling need to know the causes of the abrupt and sustained reduction in metals price levels that year. As prices stayed at low levels, while those of other materials recovered over the 1983-1986 period, the question became that of why metals prices had remained at startlingly low levels for over five years.
http://www.amazon.com/gp/product/0898382939/?tag=2022091-20
(This book presents an assessment of regulation and its im...)
This book presents an assessment of regulation and its impact on the US economy. Starting with the Act to Regulate Commerce of 1887, Professor MacAvoy traces the rise of regulation over 100 years until its sudden curtailment in the 1980s. He also examines the the economic effect of regulation, its ability to achieve the objectives of lawmakers, its social benefit and its cost, and addresses the question of whether there are more effective ways of achieving those same objectives.
http://www.amazon.com/gp/product/0393033546/?tag=2022091-20
(Six decades of efforts by federal agencies to regulate th...)
Six decades of efforts by federal agencies to regulate the natural gas industry in the U. S. have failed, says the author of this important book. Paul MacAvoy shows that no one has gained from public control of the natural gas industry, and he argues that all participants would gain from complete deregulation. For regulated and about-to-be-regulated industries, the costly history of gas regulation is a tale to heed well.
http://www.amazon.com/gp/product/0300083815/?tag=2022091-20
http://www.amazon.com/gp/product/B002BI95IM/?tag=2022091-20
MacAvoy, Paul Webster was born on April 21, 1934 in Haverhill, Massachusetts, United States. Son of Paul Everett and Louise Madeline (Webster) MacA.
Bachelor of Arts (Economics, History, Mathematics) Bates College, 1955. Master of Arts, Doctor of Philosophy Yale University, 1956, 1965. Hon Doctor of Laws Bates College, 1976.
Assistant Professor Business Economics, Graduate School Business, University Chicago,
3. Assistant Professor of Economics, Association Professor of Economics, Professor Management, Henry R. Luce Professor Public Policy, Sloan School Management, 1963-1965, 1966-1969, 1969-1974, 1974-1975. Member, United States President's Council Economics Advisers, 1975-1976.
Professor Organization and Management, Frederick William Beinecke Professor of Economics, Yale University, 1977-1981, 1981-1983. Dean, Professor Management, Graduate School Management, Professor of Economics, University Rochester, Rochester, New York, United States of America, since 1983. Editor, Bell Journal of Economics, 1970-1975.
Advisory Editor, Resources & Energy, 1977, 1984, Energy J., 1980-1984.
(This study concentrates on the economic reasons for regul...)
(Work on this book began in the Spring of 1983, not longĀ ...)
(Six decades of efforts by federal agencies to regulate th...)
(This book presents an assessment of regulation and its im...)
(Book by Breyer, Stephen, MacAvoy, Paul W.)
(Published by North-Holland in 1975.)
Author: Price Formation in Natural Gas Fields, 1962, (with Stephen Breyer) Energy Regulation by the Federal Power Commission, 1974, (with R. Pindyck) The Economics of the Natural Gas Shortage, 1975, The Regulated Industries and the Economy, 1979, World Crude Oil Prices, 1981, Energy Policy, 1983, Explaining Metals Prices, 1988, Industry Regulation and the Performance of the American Economy, 1992, The Failure of Antitrust and Regulation to Establish Competition in Long Distance Telephone Service Markets, 1996, The Natural Gas Market: Sixty Years of Regulation and Deregulation, 2000. Editor: Ford Administration Papers on Regulatory Reform, 8 vols., 1977-1978, Privatization and State-Owned Enterprise: Assessment for the United Kingdom, Canada and the United States, 1988.
Throughout my career, my goal has been to produce stylised facts in the systematic behaviour of private-sector organisations subject to regulation and other governmental policies. While searching fairly widely for testable propositions designed to produce such findings, my work nevertheless has tended to utilise classical price theory and comparative statics. The findings from my dozen books encompass price and quantity changes, and also profitability, productivity, and quality of service from American corporations.
Most relate to the natural resource industries and thus necessarily deal with perceived public trade-offs of shortages, deteriorating service quality and declining productivity for price controls that provide ephemeral gains in the form of income redistribution. The value of this work should eventually be realised in the development of an empirical theory of the regulatory agency imposing controls on private organisations.
Married Katherine Ann Manning, June 13, 1955. Children: Libby, Matthew.