From: Robin Hanson (rhanson@gmu.edu)
Date: Mon Jul 30 2001 - 07:14:41 MDT
Chris Hibbert wrote:
>The one factor (rising prices) that would normally have allowed demand to
>react to supply prices was missing, and that allowed prices to go
>sky-high. The most important factor in fixing the problem is to remove
>the price caps. Moving some customers to real-time prices would help
>the situation.
This is also what I've heard was the key problem.
Robin Hanson rhanson@gmu.edu http://hanson.gmu.edu
Asst. Prof. Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326 FAX: 703-993-2323
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