Peter Z. Grossman is the Clarence Efroymson Professor of Economics at Butler University. He is co-author, with Edward S. Cassedy, of Introduction to Energy (Cambridge University Press, 1999) and co-editor, with D. H. Cole, of The End of a Natural Monopoly: Deregulation and Competition in the Electric Power Industry. His scholarly articles have appeared in journals such as Energy Policy, Economic Inquiry, The Journal of Legal Studies and the Journal of Public Policy. For seven years, Professor Grossman was a regular columnist on economic issues for the Indianapolis Star and he has contributed commentary to many magazines and newspapers, including The Wall Street Journal and The Christian Science Monitor.