Search results

Cover -- Title -- Copyright -- Original Title -- Original Copyright -- FOREWORD -- CONTENTS -- INTRODUCTION -- Factual Issues in Dispute -- Competition and Rent in the Natural Gas Producing Industry -- Costs and Elasticity of Supply -- Demand Elasticity and Future Demand Growth -- Current Quantities Supplied and Demanded -- Transient Results from Removing Price Controls -- Evaluating Regulatory Alternatives -- Effects of Current FPC Price Regulations -- Decontrol of New Gas Prices -- Decontrol of All Gas Prices -- The Market Value Standard -- Proposals for Improving Industry Performance -- Conclusions -- A Note on Economics and Natural Gas Regulation -- The Goal of Optimum Resource Allocation -- Regulation, Optimum Resource Allocation, and Income Transfer -- Economic Rent -- Regulation and the Optimal Consumption Rate over Time -- Other Costs of Regulation -- Market Price, Regulation, and Resource Allocation -- Analytical Difficulties Connected with the Natural Gas Producing Industry -- 1. NATURAL GAS IN THE FUTURE NATIONAL ENERGY PATTERN -- Present Patterns of U.S. Production and Consumption of Natural Gas -- Role of Pipeline-owned Gas in Meeting U.S. Gas Needs -- Variations in Natural Gas Consumption Statistics -- Trends in Natural Gas Consumption -- Behavior of the Intrastate Market -- Projections of U.S. Energy and Gas Requirements to 1990 under Customary Assumptions -- Review of Individual Studies of U.S. Energy Consumption -- The Consensus -- Estimates of Future U.S. Gas Consumption -- Trends by Use and by Region -- Future U.S. Gas Demand under Alternative Assumptions -- Econometric Studies -- Residential and Small Commercial Uses -- Industrial Markets -- Impact of Environmental Policies -- Policy Implications -- Summary -- Appendix: Reviews of Seven Gas Demand Studies Utilizing Econometric Techniques

The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses, and on how the incentives and constraints facing different institutions affected their behavior. The studies in this volume explore how various practices at institutions of higher education, such as the drawdown of endowment resources, the awarding of financial aid, and spending on research, responded to the financial crisis. The studies examine universities as economic organizations that operate in a complex institutional and financial environment. The authors examine the role of endowments in university finances and the interaction of spending policies, asset allocation strategies, and investment opportunities. They demonstrate that universities' behavior can be modeled using economic principles