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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
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Transaction Cost Regulation
Spiller, Pablo T. - 2011
This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a …. TCR sees regulation as the governance structure of these interactions, and thus, as in standard transaction cost economics … possible institutional alternative. In that sense, politics becomes fundamental to understanding regulation as the governance …
Persistent link: https://www.econbiz.de/10012461923
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Principal-agent Incentives, Excess Caution, and Market Inefficiency : Evidence From Utility Regulation
Borenstein, Severin - 2007
Regulators and firms often use incentive schemes to attract skillful agents and to induce them to put forth effort in pursuit of the principals' goals. Incentive schemes that reward skill and effort, however, may also punish agents for adverse outcomes beyond their control. As a result, such...
Persistent link: https://www.econbiz.de/10012464967
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Realization Utility
Barberis, Nicholas C. - 2008
A number of authors have suggested that investors derive utility from realizing gains and losses on assets that they own. We present a model of this "realization utility," analyze its predictions, and show that it can shed light on a number of puzzling facts. These include the disposition...
Persistent link: https://www.econbiz.de/10012464207
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An Institutional Theory of Public Contracts : Regulatory Implications
Spiller, Pablo T. - 2008
The fundamental feature of private contracting is its relational nature. When faced with unforeseen or unexpected circumstances, private parties, as long as the relation remains worthwhile, adjust their required performance without the need for costly renegotiation or formal recontracting....
Persistent link: https://www.econbiz.de/10012464415
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Sulfur Dioxide Compliance of a Regulated Utility
Fullerton, Don - 1996
Electric utilities can reduce sulfur dioxide emissions through a variety of strategies such as adding scrubbers, switching to low- sulfur coal, or shifting output between generating plants with different emissions. The cost of achieving a given emission target can be minimized using a market for...
Persistent link: https://www.econbiz.de/10012473314
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Production and productivity in the service industries
Fuchs, Victor R. (contributor) - 1969
Persistent link: https://www.econbiz.de/10013336465
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Do Property Rights Alleviate the Problem of the Commons? Evidence from California Groundwater Rights
Ayres, Andrew B. - 2019
Property rights are widely prescribed for addressing overextraction of common pool resources, yet causal evidence of their effectiveness remains elusive. We develop a model of dynamic groundwater extraction to demonstrate how a spatial regression discontinuity design exploiting a...
Persistent link: https://www.econbiz.de/10012480212
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An Integrated Assessment of Water Markets : Australia, Chile, China, South Africa and the USA
Grafton, R. Quentin - 2010
The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three 'pillars' of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different...
Persistent link: https://www.econbiz.de/10012462452
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How Can Policy Encourage Economically Sensible Climate Adaptation?
Smith, V. Kerry - 2010
This paper considers the role of incentive based climate adaptation policies. It uses the early literature on pricing and capacity choices under demand uncertainty to describe how revised price structures for the substitutes for climate services can be treated as anticipatory adaptation. In many...
Persistent link: https://www.econbiz.de/10012462556