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, deregulation of public transport is taking shape, and the schemes of control for electricity suppliers are candidates for reform …. 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 …
Persistent link: https://www.econbiz.de/10012472483
The success of deregulation in creating a viable private rail freight system in the ?U.S. since 1979 is relatively … undisputed. Deregulation has proceeded in three ways: (i) eased rate setting restrictions; (ii) simplified merger applications … of deregulation on rail costs from those directly attributable to mergers and acquisitions. We employ a translog variable …
Persistent link: https://www.econbiz.de/10012475256
' incentives to differentiate their services should shape the policy debate for competitive local telecommunications …
Persistent link: https://www.econbiz.de/10012468937
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
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
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
costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …
Persistent link: https://www.econbiz.de/10012467686
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
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
electricity prices to allow the utility to recover its prudently incurred costs, a process known as cost-of-service regulation …
Persistent link: https://www.econbiz.de/10012457553