Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have …

capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …

regulation took effect. I find that strategic firms reduced their emissions by approximately 20% relative to other firms and …

regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labor …Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with …

We analyze a number of unstudied aspects of retail electricity competition. We first explore the implications of load … homogeneous up to a scaling factor. In general, the combination of retail competition and load profiling does not yield the second … consumption, retail competition yields the Ramsey prices even when consumers can only partially respond to variations in real time …

jurisdictions. This theory of regulatory influence is tested by examining several episodes in the financing experience of U … years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …

. In a straightforward application of the theory of the second best, I show that incomplete regulation can welfare dominate …For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the …