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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

The Smart Grid, Entry, and Imperfect Competition in Electricity Markets

Allcott, Hunt - 2014

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/10013066116

Measuring Welfare in Restructured Electricity Markets

Mansur, Erin T. - 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

Natural Gas Prices and Coal Displacement : Evidence from Electricity Markets

Knittel, Christopher R. - 2015

We examine the environmental impact of the post-2005 natural gas glut in the United States due to the shale gas boom. Our focus is on quantifying short-term coal-to-gas switching decisions by different types of electric power plants in response to changes in the relative price of the two fuels....

Persistent link: https://www.econbiz.de/10013013922

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/10013023689

Trading Inefficiencies in California'S Electricity Markets

Borenstein, Severin; Bushnell, James; Knittel, … - 2021

We study price convergence between the two major markets for wholesale electricity in California from their deregulation in April 1998 through November 2000, nearly the end of trading in one market. We would expect profit-maximizing traders to have eliminated persistent price differences between...

Persistent link: https://www.econbiz.de/10013218707

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 Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry

Borenstein, Severin; Bushnell, James; Stoft, Steven - 2021

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/10013240555

Spillovers from Ancillary Services to Wholesale Energy Markets

Buchsbaum, Jesse; Hausman, Catherine; Mathieu, Johanna; … - 2022

In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two functions are compensated with two separate payments: energy market payments and ancillary services market payments. We provide evidence of changes in the generation mix in the...

Persistent link: https://www.econbiz.de/10014091103