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Hong Kong's Business Regulation in Transition

Wu, Changqi - 1997

. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …

Persistent link: https://www.econbiz.de/10012472483

Effects of Regulation on Utility Financing : Theory and Evidence

Taggart, Robert A, Jr - 1982

years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …

Persistent link: https://www.econbiz.de/10012478245

Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage

Fowlie, Meredith - 2008

For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the … level of emissions that would have occurred in the absence of regulation. Converseley, when regulated firms are relatively …

Persistent link: https://www.econbiz.de/10012464226

Reliability and Competitive Electricity Markets

Joskow, Paul L. - 2004

Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...

Persistent link: https://www.econbiz.de/10012468221

Imperfect Markets versus Imperfect Regulation in U.S. Electricity Generation

Cicala, Steve - 2017

This paper measures changes in electricity generation costs caused by the introduction of market mechanisms to determine output decisions in service areas that were previously using command-and-control-type operations. I use the staggered transition to markets from 1999- 2012 to evaluate the...

Persistent link: https://www.econbiz.de/10012455627

California's Electricity Crisis

Joskow, Paul L. - 2001

This paper discusses the political, regulatory and economic factors that led to California's electricity crisis in 2000 and 2001. It begins with a discussion of the origins of California's electricity restructuring and competition programs. It then discusses the structure of the wholesale and...

Persistent link: https://www.econbiz.de/10012470277

The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry

Borenstein, Severin - 1997

In an unregulated electricity generation market, the degree to which generators in" different locations compete with one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission capacity on competition among" generators. We show that...

Persistent link: https://www.econbiz.de/10012472520

Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market

Mansur, Erin T. - 2007

regulation took effect. I find that strategic firms reduced their emissions by approximately 20% relative to other firms and …

Persistent link: https://www.econbiz.de/10012465135

Measuring Welfare in Restructured Electricity Markets

Mansur, Erin T. - 2007

Restructuring electricity markets has enabled wholesalers to exercise market power. Using a common method of measuring competitive behavior in these markets, several studies have found substantial inefficiencies. This method overstates actual welfare loss by ignoring production constraints that...

Persistent link: https://www.econbiz.de/10012465137

Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets

Bushnell, James B. - 2007

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...

Persistent link: https://www.econbiz.de/10012465139

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