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Texas, alone among the states, has moved forward into a truly restructured electricity era. Texas's success is due to three factors: a competitive vision and the political leadership to carry it through; an institutional design whose transparent rules enable decentralized coordination; and ongoing regulatory analysis of market outcomes, combined with the willingness to use that analysis to revise market rules and facilitate competition. Leading scholars examine this important story.

Produktbeschreibung
Texas, alone among the states, has moved forward into a truly restructured electricity era. Texas's success is due to three factors: a competitive vision and the political leadership to carry it through; an institutional design whose transparent rules enable decentralized coordination; and ongoing regulatory analysis of market outcomes, combined with the willingness to use that analysis to revise market rules and facilitate competition. Leading scholars examine this important story.
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Autorenporträt
L. Lynne Kiesling is a senior lecturer in the department of economics at Northwestern University, and in the Social Enterprise at Kellogg (SEEK) program in the Kellogg School of Management at Northwestern University. Andrew N. Kleit is a professor of energy and environmental economics and directs the program in Energy Business and Finance at the Pennsylvania State University.