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Productivity in the Transportation Sector

Gordon, Robert J. - 2007

productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment … data reduce the magnitude of the post-1973 productivity slowdown in transportation MFP growth from a previously reported 2 … airports, air traffic control, and highways, do not change appreciably the pattern of postwar MFP growth in transportation …

Persistent link: https://www.econbiz.de/10012778843

What's Driving Entrepreneurship and Innovation in the Transport Sector?

Choe, Derrick; Oettl, Alexander; Seamans, Robert - 2022

innovative activities in the transportation and warehousing sector of the U.S. economy. We suggest multiple avenues for future …

Persistent link: https://www.econbiz.de/10013308125

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/10012965429

Merchant Transmission Investment

Joskow, Paul L.; Tirole, Jean - 2021

We examine the performance attributes of a merchant transmission investment framework that relies on market driven' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent set of assumptions, the merchant investment model...

Persistent link: https://www.econbiz.de/10013218795

The Redistributional Impact of Non-Linear Electricity Pricing

Borenstein, Severin - 2010

Utility regulators frequently focus as much or more on the distributional impact of electric rate structures as on their efficiency. The goal of protecting low-income consumers has become more central with recent increases in wholesale power costs and anticipation of significant costs of...

Persistent link: https://www.econbiz.de/10013146517

Pass-Through of Emissions Costs in Electricity Markets

Fabra, Natalia - 2013

We measure the pass-through of emissions costs to electricity prices and explore its determinants. We perform both reduced-form and structural estimations based on optimal bidding in this market. Using rich micro-level data, we estimate the channels affecting pass-through in a flexible manner,...

Persistent link: https://www.econbiz.de/10013073200

Demand and Pricing in Electricity Markets : Evidence from San Diego During California'S Energy Crisis

Reiss, Peter C.; White, Matthew W. - 2021

We study the electricity consumption of San Diego-area households following a series of price changes and related events during California's energy crisis in 2000-01. The analysis uses a five-year panel of disaggregate billing and weather data for a random sample of 70,000 households. In...

Persistent link: https://www.econbiz.de/10013248389

California'S Electricity Crisis

Joskow, Paul L. - 2021

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/10013218084

Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market

Mansur, Erin - 2007

Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase price by distorting output decisions, causing cross-firm production inefficiencies. This study estimates the environmental implications of production inefficiencies attributed to...

Persistent link: https://www.econbiz.de/10012775794

Measuring Welfare in Restructured Electricity Markets

Mansur, Erin - 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/10012775796