Jha, Akshaya; Preonas, Louis; Burlig, Fiona - National Bureau of Economic Research - 2021
continued prevalence: unlike in high-income countries, where regulatory mandates require utilities to satisfy all electricity … demand, utilities in developing countries respond to wholesale electricity prices. As a result, misallocation of output … across power plants can decrease the quantity of electricity supplied to end-users. We provide empirical support for this …