Beard, T Randolph; Gropper, Daniel M; Raymond, Jennie E - In: Journal of Regulatory Economics 13 (1998) 1, pp. 19-35
This paper examines consumer behavior under "bill smoothing," a common pricing program for utility customers where monthly payments are equalized over a one year cycle. First, we offer a theoretical model and conclude that bill smoothing is beneficial to consumers, but leads to exaggerated...