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The Performance of U.S. Wind and Solar Generating Units
Schmalensee, Richard - National Bureau of Economic Research (NBER) - 2013
Government subsidies have driven rapid growth in U.S. wind and solar generation. Using data on hourly outputs and prices for 25 wind and nine solar generating plants, some results of those subsidies are studied in detail: the value of these plants' outputs, the variability of output at plant and...
Persistent link: https://www.econbiz.de/10010950644
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The Smart Grid, Entry, and Imperfect Competition in Electricity Markets
Allcott, Hunt - National Bureau of Economic Research (NBER) - 2012
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real-time pricing" for electricity and increase price...
Persistent link: https://www.econbiz.de/10011271447
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Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency
Rose, Nancy Lin; Markiewicz, Kira; Wolfram, Catherine - National Bureau of Economic Research (NBER) - 2004
While neoclassical models assume static cost-minimization by firms, agency models suggest that firms may not minimize costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to market-oriented environments for many U.S. electric...
Persistent link: https://www.econbiz.de/10005078626
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How Do Electricity Shortages Affect Productivity? Evidence from India
Allcott, Hunt; Collard-Wexler, Allan; O'Connell, Stephen D. - National Bureau of Economic Research (NBER) - 2014
the average plant’s revenues and producer surplus by five to ten percent, but average productivity losses are …
Persistent link: https://www.econbiz.de/10011186513
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - National Bureau of Economic Research (NBER) - 2014
This paper evaluates changes in fuel procurement practices by coal- and gas-fired power plants in the United States following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated plants substantially reduce the price paid for coal (but...
Persistent link: https://www.econbiz.de/10011123620
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Healthcare Exceptionalism? Productivity and Allocation in the U.S. Healthcare Sector
Chandra, Amitabh; Syverson, Chad; Finkelstein, Amy; … - National Bureau of Economic Research (NBER) - 2013
The conventional wisdom in health economics is that large differences in average productivity across hospitals are the …, however, we find that productivity dispersion in heart attack treatment across hospitals is, if anything, smaller than in … productivity today is associated with about 4 percent more patients in 5 years. Taken together, these facts suggest that the …
Persistent link: https://www.econbiz.de/10010951009
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Sources of Firm Life-Cycle Dynamics: Differentiating Size vs. Age Effects
Kueng, Lorenz; Yang, Mu-Jeung; Hong, Bryan - National Bureau of Economic Research (NBER) - 2014
What determines firm growth over the life-cycle? Exploiting unique firm panel data on internal organization, balance sheets and innovation, representative of the entire Canadian economy, we study recent theories that examine life-cycle patterns for firm growth. These theories include...
Persistent link: https://www.econbiz.de/10010951103
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Business Strategy and the Management of Firms
Yang, Mu-Jeung; Kueng, Lorenz; Hong, Bryan - National Bureau of Economic Research (NBER) - 2015
Business strategy can be defined as a firm's plan to generate economic profits based on lower cost, better quality, or new products. The analysis of business strategy is thus at the intersection of market competition and a firm's efforts to secure persistently superior performance via...
Persistent link: https://www.econbiz.de/10011123643
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Private Equity, Jobs, and Productivity
Davis, Steven; Haltiwanger, John; Jarmin, Ron S.; … - National Bureau of Economic Research (NBER) - 2013
firms and reductions in earnings per worker. Productivity gains arise mainly from an accelerated exit of less productive …
Persistent link: https://www.econbiz.de/10011095622
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The Lightbulb Paradox: Evidence from Two Randomized Experiments
Allcott, Hunt; Taubinsky, Dmitry - National Bureau of Economic Research (NBER) - 2013
Imperfect information and inattention to energy costs are important potential justifications for energy efficiency standards and subsidies. We evaluate these policies in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of...
Persistent link: https://www.econbiz.de/10010884914