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Hong Kong'S Business Regulation in Transition
Wu, Changqi; Cheng, Leonard K.H - 2021
, deregulation of public transport is taking shape, and the schemes of control for electricity suppliers are candidates for reform … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …
Persistent link: https://www.econbiz.de/10013232151
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Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets
Bushnell, James - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797
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The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin; Bushnell, James; Stoft, Steven - 2021
capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …
Persistent link: https://www.econbiz.de/10013240555
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Effects of Regulation on Utility Financing : Theory and Evidence
Taggart, Robert A. - 2008
This paper examines the financing decisions of regulated public utilities. It is argued that the regulatory process affects utility financing choices both by conditioning the environment in which these choices are made and by creating opportunities for firms to influence the regulated price...
Persistent link: https://www.econbiz.de/10012774607
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Realization Utility
Barberis, Nicholas - 2014
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 quot;realization utility,quot; analyze its predictions, and show that it can shed light on a number of puzzling facts. These include the...
Persistent link: https://www.econbiz.de/10012751229
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Differentiation Strategy and Market Deregulation : Local Telecommunication Entry in the Late 1990s
Greenstein, Shane M.; Mazzeo, Michael J. - 2021
take advantage of recent developments in the analysis of entry and competition among differentiated firms. They test and …' incentives to differentiate their services should shape the policy debate for competitive local telecommunications …
Persistent link: https://www.econbiz.de/10013243919
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Estimating the Impact of Restructuring on Electricity Generation Efficiency : The Case of the Indian Thermal Power Sector
Cropper, Maureen - 2011
We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from vertically integrated State Electricity Boards into state...
Persistent link: https://www.econbiz.de/10013120321
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Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power
Davis, Lucas W. - 2011
markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 …
Persistent link: https://www.econbiz.de/10013121046
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Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market
Mansur, Erin T. - 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
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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