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The Ramsey Problem for Congestible Facilities
Arnott, Richard - 2010
In recent years, a new set of models drawing on Vickrey [1969] has been developed to analyze the economics of congestible facilities. These models are structural in that they derive the cost function from consumers' time-of-use decisions and the congestion technology. Standard models, in...
Persistent link: https://www.econbiz.de/10012760029
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Retail Electricity Competition
Joskow, Paul L.; Tirole, Jean - 2021
We analyze a number of unstudied aspects of retail electricity competition. We first explore the implications of load profiling of consumers whose traditional meters do not allow for measurement of their real time consumption, when consumers are homogeneous up to a scaling factor. In general,...
Persistent link: https://www.econbiz.de/10013247282
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When are Anonymous Congestion Charges Consistent with Marginal Cost Pricing?
Arnott, Richard; Kraus, Marvin - 2021
There are constraints on pricing congestible facilities. First, if heterogeneous users are observationally indistinguishable, then congestion charges must be anonymous. Second, the time variation of congestion charges may be constrained. Do these constraints undermine the feasibility of marginal...
Persistent link: https://www.econbiz.de/10013225057
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On Quality Bias and Inflation Targets
Schmitt-Grohé, Stephanie - 2009
A policy issue central banks are confronted with is whether inflation targets should be adjusted to account for the systematic upward bias in measured inflation due to quality improvements in consumption goods. We show that in the context of a Ramsey equilibrium the answer to this question...
Persistent link: https://www.econbiz.de/10013154577
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Net Neutrality, Pricing Instruments and Incentives
Gans, Joshua S. - 2016
We correct and extend the results of Gans (2015) regarding the effects of net neutrality regulation on equilibrium …
Persistent link: https://www.econbiz.de/10012997888
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Net Neutrality : A Fast Lane to Understanding the Trade-Offs
Greenstein, Shane M. - 2016
The “net neutrality” principle has triggered a heated debate and advocates have proposed policy interventions. In this paper, we provide perspective by framing issues in terms of the positive economic factors at work. We stress the incentives of market participants, and highlight the...
Persistent link: https://www.econbiz.de/10012999972
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Weak Versus Strong Net Neutrality
Gans, Joshua - 2014
providers. With this additional price it is demonstrated that the type of net neutrality regulation (i.e., weak versus strong … negative impact from such regulation on ISP investment. Counter to many claims, it is argued here that ISP competition may not … be a substitute for net neutrality regulation in bringing about these effects …
Persistent link: https://www.econbiz.de/10013053471
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Pricing Capital Under Mandatory Unbundling and Facilities Sharing
Pindyck, Robert S. - 2021
The regulation of telecommunications, railroads, and other network industries has been based on mandatory unbundling …
Persistent link: https://www.econbiz.de/10013243961
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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
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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