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Brief History of Market Regulation Primarily from the Point of View of Price Regulation

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  • András Sugár

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    (Department of Statistics, Corvinus University of Hungary)

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    Abstract

    This paper discusses the brief history of market (price) regulation of electricity and gas. The fight against monopolies has a history of more than 100 years in the USA. In this article, I focus on price regulation, which represents a narrower section of regulation. In the paper I discuss the phases of this regulation: Appearance of anti-monopoly combat; New Deal and the welfare state (and the concept of welfare state in Hungary in the nineties); Liberalisation; Bargaining and agreement. The old definition of regulation is modified in the following way: regulation democratically controls the prices, sales, and production of companies, and influences these in order to achieve certain social objectives.

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    Bibliographic Info

    Article provided by Akadémiai Kiadó, Hungary in its journal Society and Economy.

    Volume (Year): 33 (2011)
    Issue (Month): 2 (August)
    Pages: 321-345

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    Handle: RePEc:aka:soceco:v:33:y:2011:i:2:p:321-345

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    Related research

    Keywords: political economy of price control; price-cap;

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