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following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated … techniques relative to matched plants that were not subject to any regulatory change. Deregulation also led to a shift toward …
Persistent link: https://www.econbiz.de/10012458556
implications of production inefficiencies attributed to market power in the Pennsylvania, New Jersey, and Maryland electricity …Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase … price by distorting output decisions, causing cross-firm production inefficiencies. This study estimates the environmental …
Persistent link: https://www.econbiz.de/10012465135
residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to …
Persistent link: https://www.econbiz.de/10012457678
more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 … average wholesale prices the value of this increased efficiency is approximately $2.5 billion annually and implies an annual … companies owning only one or two reactors. Beginning in the late 1990s electricity markets in many states were deregulated and …
Persistent link: https://www.econbiz.de/10012461317
volatility, the deregulation was associated with a convergence of Japanese quoted spreads toward those of other banks. (2 …) Modeling the persistence in volatility reveals that deregulation lowered conditional volatility …A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper …
Persistent link: https://www.econbiz.de/10012471543
volatility for rural households. Furthermore, household production shifts into high-risk, high-return activities …
Persistent link: https://www.econbiz.de/10012457353
States intensified, ameliorated, or had no effect on income distribution. We find that branch deregulation lowered income … inequality. Deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of …
Persistent link: https://www.econbiz.de/10010521579
"This paper investigates the impacts of cotton marketing reforms on farm productivity, a key element for poverty alleviation, in rural Zambia. The reforms comprised the elimination of the Zambian cotton marketing board that was in place since 1977. Following liberalization, the sector adopted an...
Persistent link: https://www.econbiz.de/10010522398
profits. Instead of such an equilibrium, a deregulation race is likely to emerge in which all but the last country repeal … their antitrust laws. The deregulation race results in a chain of Stackelberg leadership positions taken over by national …
Persistent link: https://www.econbiz.de/10012471517
, The analysis focuses on the effects of an economic liberalization program that reduces import tariffs on the equilibrium …
Persistent link: https://www.econbiz.de/10012476891