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The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry

Borenstein, Severin - 1997

capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …

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

Impacts of the Clean Air Act on the Power Sector from 1938-1994 : Anticipation and Adaptation

Clay, Karen; Jha, Akshaya; Lewis, Joshua A.; Severnini, … - National Bureau of Economic Research - 2021

The passage of landmark government regulation is often the culmination of evolving social pressure and incremental policy change. During this process, firms may preemptively adjust behavior in anticipation of impending regulation, making it difficult to quantify the overall economic impact of...

Persistent link: https://www.econbiz.de/10012585446

Do Mergers and Acquisitions Improve Efficiency? Evidence from Power Plants

Demirer, Mert; Karaduman, Ömer - National Bureau of Economic Research - 2024

Using rich data on hourly physical productivity and thousands of ownership changes from US power plants, we study the effects of acquisitions on efficiency and underlying mechanisms. We find a 2% average increase in efficiency for acquired plants, beginning five months after acquisitions....

Persistent link: https://www.econbiz.de/10014635690

The Shifting Finance of Electricity Generation

Andonov, Aleksandar; Rauh, Joshua - National Bureau of Economic Research - 2024

Despite the incentives of incumbent domestic listed corporations (DLCs) in the electricity generation industry, private equity, institutional investors, and foreign corporations have played an outsized role in financing the energy transition. These new entrants are twice as likely to create...

Persistent link: https://www.econbiz.de/10014635696

Who Will Pay for Legacy Utility Costs?

Davis, Lucas W.; Hausman, Catherine - National Bureau of Economic Research - 2021

The growing "electrify everything" movement aims to reduce carbon dioxide emissions by transitioning households and firms away from natural gas toward electricity. This paper considers what this transition means for the customers who are left behind. Like most natural monopolies, natural gas...

Persistent link: https://www.econbiz.de/10012585439

Electricity Price Distributions in Future Renewables-Dominant Power Grids and Policy Implications

Mallapragada, Dharik S.; Junge, Cristian; Wang, Cathy Xun; … - National Bureau of Economic Research - 2021

Future electricity systems with tight constraints on carbon emissions will rely much more on wind and solar generation, with zero marginal cost, than today. We use capacity expansion modelling of Texas in 2050 to illustrate wholesale price distributions in future energy-only, carbon-constrained...

Persistent link: https://www.econbiz.de/10012696419

What Matters for Electrification? Evidence from 70 Years of U.S. Home Heating Choices

Davis, Lucas W. - National Bureau of Economic Research - 2021

The percentage of U.S. homes heated with electricity has increased steadily from 1% in 1950, to 8% in 1970, to 26% in 1990, to 39% in 2018. This paper investigates the key determinants of this increase in electrification using data on heating choices from millions of U.S. households over a...

Persistent link: https://www.econbiz.de/10012482542

The U.S. Electricity Industry After 20 Years of Restructuring

Borenstein, Severin - 2015

Prior to the 1990s, most electricity customers in the U.S. were served by regulated, vertically-integrated, monopoly utilities that handled electricity generation, transmission, local distribution and billing/collections. Regulators set retail electricity prices to allow the utility to recover...

Persistent link: https://www.econbiz.de/10012457553

The economics of school choice

Hoxby, Caroline M. (ed.) - 2003

Persistent link: https://www.econbiz.de/10001686747

The Adoption of Offset Presses in the Daily Newspaper Industry in the United States

Genesove, David - 1999

This paper shows that the move to offset printing from letterpress in the U.S. daily newspaper publishing industry was determined, in part, by the structure of the local market. Although in monopoly markets, low circulation papers were quicker to adopt than high circulation papers, the ranking...

Persistent link: https://www.econbiz.de/10012471720

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