Jha, Akshaya; Preonas, Louis; Burlig, Fiona - National Bureau of Economic Research - 2021
explanation using novel data from India, home to the world's third-largest electricity sector. In contrast to the developed world … continued prevalence: unlike in high-income countries, where regulatory mandates require utilities to satisfy all electricity … demand, utilities in developing countries respond to wholesale electricity prices. As a result, misallocation of output …