Severin Borenstein - In general, you have to have a pretty serious market...

In general, you have to have a pretty serious market power concern before you go down this road [of price controls], because the chances of causing shortages and causing gas lines are quite significant. Hawaii seems to have designed this so it's much less likely to happen, and Hawaii has a credible argument to be made that they face a significant market power problem.

Severin Borenstein

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Severin Borenstein Quotes

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In general, you have to have a pretty serious market power concern before you go down this road [of price controls], because the chances of causing shortages and causing gas lines are quite significant. Hawaii seems to have designed this so it's much less likely to happen, and Hawaii has a credible argument to be made that they face a significant market power problem. Severin Borenstein

They Said So®

Keywords

general pretty market power concern road [ price controls] chances causing shortages gas lines significant hawaii designed happen credible argument made face problem

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