Brief history of market regulation primarily from the point of view of price regulation
Brief history of market regulation primarily from the point of view of price regulation
Author(s): András SugárSubject(s): National Economy, Energy and Environmental Studies, History of Law, Economic history, Economic development, Law on Economics
Published by: Akadémiai Kiadó
Keywords: political economy of price control; price-cap;
Summary/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.
Journal: Society and Economy. In Central and Eastern Europe ǀ Journal of the Corvinus University of Budapest
- Issue Year: 33/2011
- Issue No: 2
- Page Range: 321-345
- Page Count: 25
- Language: English