Chao, Hung-po; DePillis, Mario - In: Journal of Regulatory Economics 43 (2013) 3, pp. 265-283
regulations measure demand reduction as a reduction from a “customer baseline,” a historically based estimate of the expected … the demand reduction payment will induce consumers to (1) inflate the customer baseline by increasing consumption above … regulation and introduce a new approach to define the customer baseline as a fixed proportion of an aggregate baseline. In …