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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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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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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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An Institutional Theory of Public Contracts : Regulatory Implications
Spiller, Pablo T. - 2010
The fundamental feature of private contracting is its relational nature. When faced with unforeseen or unexpected circumstances, private parties, as long as the relation remains worthwhile, adjust their required performance without the need for costly renegotiation or formal recontracting....
Persistent link: https://www.econbiz.de/10012758508
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Sulfur Dioxide Compliance of a Regulated Utility
Fullerton, Don; McDermott, Shaun P.; Caulkins, Jonathan P. - 2021
Electric utilities can reduce sulfur dioxide emissions through a variety of strategies such as adding scrubbers, switching to low- sulfur coal, or shifting output between generating plants with different emissions. The cost of achieving a given emission target can be minimized using a market for...
Persistent link: https://www.econbiz.de/10013246062
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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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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
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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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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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Toilets Can Work : Short and Medium Run Health Impacts of Addressing Complementarities and Externalities in Water and Sanitation
Duflo, Esther - 2015
Poor water quality and sanitation are leading causes of mortality and disease in developing countries. However, interventions providing toilets in rural areas have not substantially improved health, likely because of incomplete coverage and low usage. This paper estimates the impact of an...
Persistent link: https://www.econbiz.de/10013016018