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Article
U.S. Energy Policy and the Presumption of Market Failure
CATO Journal
  • Peter Z. Grossman, Butler University
Document Type
Article
Publication Date
1-1-2009
Disciplines
Additional Publication URL
http://object.cato.org/sites/cato.org/files/serials/files/cato-journal/2009/5/cj29n2-5.pdf
Abstract
The article presents an analysis of U.S. energy policy, focusing on the question of whether it is able to correct market failures in terms of alternative energy sources. The question of whether any such market failures exist is said to be a separate question, and an argument is presented that governments generally are not competent to fix such problems even when they do exist. A discussion of U.S. energy policy from the early 1970s to the 21st century is presented. Programs designed to encourage technological innovations such as biofeuls, nuclear fusion, and electric vehicles are analyzed.
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Citation Information
Peter Z. Grossman. "U.S. Energy Policy and the Presumption of Market Failure" CATO Journal Vol. 29 Iss. 2 (2009)
Available at: http://works.bepress.com/peter_grossman/12/