residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to …Many jurisdictions around the world have deregulated utilities and opened retail markets to competition. However …, inertial decisionmaking can diminish consumer benefits of retail competition. Using household-level data from the Texas …

In an unregulated electricity generation market, the degree to which generators in" different locations compete with …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … area of dominance. This" analysis is applied to a model of California's forthcoming deregulated electricity market. Our …

elasticity using counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The … important element of market design in some restructured electricity markets.There are three central results. First, I find that …Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the …

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 … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

In a dynamic environment where underlying competition is "for the market," this paper examines what happens when … entrants and incumbents can instead negotiate for the market. For instance, this might arise when an entrant innovator can …

introduce a model of the market for advertising on news media outlets whereby news outlets are modeled as competing two … equilibrium outcomes in the advertising market. One consequence is that multi-homing on the part of advertisers is heterogeneous …

Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We … assessing the aggregate effects of product market regulation … examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation. We find …

the seemingly failure of the private insurance market to provide coverage for terrorism losses after the attack on … September 11, 2001. This paper surveys the evidence of the supposed private market failures after 9/11 and the arguments for …

1985-2007. Competitive pressures are proxied with sectoral product market regulation data. We find evidence that … the effects of upstream competition vary with distance to frontier on a panel of 15 OECD countries and 20 sectors over …

This paper examines the role of regulation and competition in generic markets. Generics offer large potential savings … prompt entry, aggressive price competition and patient switching to generics. Key features are that pharmacists are …