This chapter compares four methods of rationing an input that is subject to supply capacity shocks. We describe the application of the mechanisms in terms of electricity. The mechanisms we test are random interruption, priority service, proportional service%all option and proportional...

Energy Security Revisited: A Report to the President of the United States (U.S. Department of Energy, March 1987) is a hefty book-240 pages of text, five appendices (several based on macroeconometric simulations), and fourteen pages of references (but no index). Parts of the book are quite good...