- Cafe Hayek - http://cafehayek.com -
More(iss) on Gasoline Prices
Posted By Don Boudreaux On May 31, 2007 @ 9:44 pm In Prices,Regulation | Comments Disabled
My friend and co-blogger (at Market Correction ) Andy Morriss has a new paper here  that compellingly explains why the gasoline prices Americans now pay at the pump are unnecessarily high. Here’s the abstract:
Rising gasoline prices have brought energy issues back to the forefront of public policy debates. Gasoline markets today are the result of almost a hundred years of conflicting regulatory policies, which have left them dangerously fragmented. In this article, I analyze that regulatory history, highlighting the unintended consequences of regulation that have pushed the United States into a series of loosely connected regional markets rather than a broad, deep national market. This fragmentation leaves the American economy is vulnerable to natural disasters, terrorist attacks, and foreign dictators in ways that it need not be. It also produces higher prices for consumers and reduced innovation by refiners.
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2007/05/moreiss_on_gaso.html
URLs in this post:
 Market Correction: http://marketcorrection.powerblogs.com/
 a new paper here: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=989827
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2007%2F05%2Fmoreiss_on_gaso.html&Title=More%28iss%29%20on%20Gasoline%20Prices
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.