Econ 4430 Final – Prior to the 1970s, the prevailing view in the United States
1.
Prior to the 1970s, the
prevailing view in the United States was that the market for natural gas needed
to be carefully regulated. Since the
1980s, however, public policy has moved steadily towards de-regulation. Write an essay discussing the arguments supporting
each of these policy perspectives, and then explain which perspective you think
is more likely to be correct and why.
Your answer does not require, but would benefit from, the use of
historical information.
2.
Write an essay
discusses the ways in which the market for natural gas and the market for crude
oil are similar, and the way in which they are different. In this essay I want you to discuss important
structural considerations, and to draw conclusions about the impact of any
structural differences upon the ultimate patterns of price one might expect in
the two markets. Finally, discuss the
ways in which these two markets are linked, and the effect any such linkage
might have upon the observed prices of oil and gas.These two essay questions need to be answered. Each Question about 3 pages long with sources.So total being 5-8 pages.
