Showing 1 - 10 of 258
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real-time pricing" for electricity and increase price...
Persistent link: https://www.econbiz.de/10011271447
costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …
Persistent link: https://www.econbiz.de/10005078626
Despite the popularity of price cap regulation in practice, the economic literature provides relatively little guidance … regulation, and when product-specific costs and productivity cannot be measured; (2) when the pricing decisions of the regulated …
Persistent link: https://www.econbiz.de/10005714748
following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …
Persistent link: https://www.econbiz.de/10011123620
The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually...
Persistent link: https://www.econbiz.de/10005580680
We develop a dynamic game to explore the interaction between regulation and private policies, such as self-regulation … by firms and activism. Without a public regulator, the possibility of self-regulation is bad for the firm, but good for … activists who are willing to maintain a costly boycott to raise the likelihood of self-regulation. Results are reversed when the …
Persistent link: https://www.econbiz.de/10010969231
This review paper provides an overview of the application of behavioral public economics to energy efficiency. I document policymakers' arguments for "paternalistic" energy efficiency policies, formalize with a simple model of misoptimizing consumers, review and critique empirical evidence, and...
Persistent link: https://www.econbiz.de/10010885303
This paper brings new evidence from the privatized social security system in Mexico, offering insight into investment behavior and the efficacy of government "nudges" in the context of profit maximizing firms. We use administrative data from the social security system surrounding the government...
Persistent link: https://www.econbiz.de/10010950659
The combinatorial clock auction is becoming increasingly popular for large-scale spectrum awards and other uses, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide range of ex post equilibria with demand expansion,...
Persistent link: https://www.econbiz.de/10010950813
We examine the role of repetition in government regulation. Using Florida restaurant inspection data from 2003 to 2010 …
Persistent link: https://www.econbiz.de/10010950881