United States Energy Policy during the 1990s

Paul L. Joskow is Elizabeth and James Killian Professor of Economics and Management at the Massachusetts Institute of Technology and director of the MIT Center for Energy and Environmental Policy Research, from which he gratefully acknowledges financial support for this project. This essay is adapted from a paper prepared for the conference “American Economic Policy during the 1990s,” sponsored by the John F. Kennedy School of Government, Harvard University, June 2001. A shorter version of the original paper appears in American Economic Policies in the 1990s, Jeffrey A. Frankel and Peter Orszag, eds. (Cambridge: MIT Press, 2002).