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Effects of Regulation on Utility Financing : Theory and Evidence
Taggart, Robert A. - 2008
years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …
Persistent link: https://www.econbiz.de/10012774607
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Who Should Own and Control Urban Water Systems? Historical Evidence from England and Wales
Beach, Brian - 2016
Nearly 40% of England's privately built waterworks were municipalised in the late 19th century. We examine how this affected public health by pairing annual mortality data for over 600 registration districts, spanning 1869 to 1910, with detailed waterworks information. Identification is aided by...
Persistent link: https://www.econbiz.de/10012984124
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Principal-Agent Incentives, Excess Caution, and Market Inefficiency : Evidence from Utility Regulation
Borenstein, Severin - 2007
Regulators and firms often use incentive schemes to attract skillful agents and to induce them to put forth effort in pursuit of the principals' goals. Incentive schemes that reward skill and effort, however, may also punish agents for adverse outcomes beyond their control. As a result, such...
Persistent link: https://www.econbiz.de/10012775480
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Transaction Cost Regulation
Spiller, Pablo T. - 2011
This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a …. TCR sees regulation as the governance structure of these interactions, and thus, as in standard transaction cost economics … possible institutional alternative. In that sense, politics becomes fundamental to understanding regulation as the governance …
Persistent link: https://www.econbiz.de/10013130971
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An Integrated Assessment of Water Markets : Australia, Chile, China, South Africa and the USA
Grafton, Quentin - 2014
The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three 'pillars' of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different...
Persistent link: https://www.econbiz.de/10013069511
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Water, Health and Wealth
Ashraf, Nava - 2017
Providing clean water requires maintenance, as well as the initial connections that are typically measured. Frequently, the water supply fails in the developing world, especially when users don't pay the marginal cost of water. This paper uses the timing of frequent, unexpected water service...
Persistent link: https://www.econbiz.de/10012947661
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Infrastructure, Incentives and Institutions
Ashraf, Nava - 2016
Cities generate negative, as well as positive, externalities; addressing those externalities requires both infrastructure and institutions. Providing clean water and removing refuse requires water and sewer pipes, but the urban poor are often unwilling to pay for the costs of that piping....
Persistent link: https://www.econbiz.de/10013000522
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Designing Nonlinear Price Schedules for Urban Water Utilities to Balance Revenue and Conservation Goals
Wolak, Frank - 2016
This paper formulates and estimates a household-level, billing-cycle water demand model under increasing block prices that accounts for the impact of monthly weather variation, the amount of vegetation on the household's property, and customer-level heterogeneity in demand due to household...
Persistent link: https://www.econbiz.de/10012985203
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How Can Policy Encourage Economically Sensible Climate Adaptation?
Smith, V. Kerry - 2010
This paper considers the role of incentive based climate adaptation policies. It uses the early literature on pricing and capacity choices under demand uncertainty to describe how revised price structures for the substitutes for climate services can be treated as anticipatory adaptation. In many...
Persistent link: https://www.econbiz.de/10013142081
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Water Markets : Australia's Murray-Darling Basin and the Us Southwest
Grafton, Quentin - 2014
, market structure and government regulation. We show that rights are more clearly defined and trading more common in Australia …
Persistent link: https://www.econbiz.de/10013065560