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costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …-owned plants in states that restructured their wholesale electricity markets improved the most. The results suggest modest medium …
Persistent link: https://www.econbiz.de/10005078626
following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …
Persistent link: https://www.econbiz.de/10011123620
We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in … vertically integrated State Electricity Boards into state generating companies. We find that generating units in states that … unbundled before the Electricity Act of 2003 experienced reductions in forced outages of about 25% and improvements in …
Persistent link: https://www.econbiz.de/10009278255
daily or monthly usage rises. There is no cost basis for differentiating marginal price of electricity by consumption level … by these increasing-block electricity tariffs. I find that the rate structure does redistribute income to lower …
Persistent link: https://www.econbiz.de/10008615811
, deregulation of public transport is taking shape, and the schemes of control for electricity suppliers are candidates for reform …. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between …
Persistent link: https://www.econbiz.de/10005830439
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have … operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …
Persistent link: https://www.econbiz.de/10005774722
An important part of the literature on regulatory economics is based on the US experience, where a well-established regulator faces a privately owned monopoly. It is sometimes forgotten that this model does not apply in many places where a newly established regulator faces a government owned, or...
Persistent link: https://www.econbiz.de/10005579988
Recent estimates in standard models of wage determination for both unionization and occupational licensing have shown wage effects that are similar across the two institutions. These cross-sectional estimates use specialized data sets, with small sample sizes, for the period 2006 through 2008....
Persistent link: https://www.econbiz.de/10010821983
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
variation at spatial discontinuities in electricity service areas, where households in the same city experience substantially …
Persistent link: https://www.econbiz.de/10010951392