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Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine - 2005

Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost-minimizing behavior regardless of market...

Persistent link: https://www.econbiz.de/10014028681

The impact of the regulatory reform process on R&D investment of European electricity utilities : conference paper

Schmitt, Stephan; Kucsera, Denes - 2013 - This version: 25.10.2012

The aim of this paper is to give deeper insights into the impact of regulatory reforms and privatization on R&D spending of electricity utilities. Building on a panel data set including the biggest European utilities from eight EU-countries over a period from 1985 until 2010, we find a strong...

Persistent link: https://www.econbiz.de/10010337284

Product Market Competition and Upstream Innovation : Theory and Evidence from the US Electricity Market Deregulation

Sanyal, Paroma - 2015

organizational structure. Second, we use the US electricity deregulation in the 1990's to test the model. Using patents as a metric … for innovation, we identify two channels through which the effects of deregulation are transmitted to innovation: (a) the … appropriation effect which has decreased innovation by 19.5 percent after deregulation, and (b) the competition effect which has …

Persistent link: https://www.econbiz.de/10012749984

Introducing Competition and Deregulating the British Domestic Energy Markets : A Legal and Economic Discussion

Harker, Michael; Waddams Price, Catherine M. - 2014

In this article we chart the development of competition and deregulation of the British retail energy markets … quesiton of whether the control of pricing practices through the ex post provisions of the general competition law is …

Persistent link: https://www.econbiz.de/10014052667

Electricity Restructuring : Deregulation or Reregulation?

Borenstein, Severin; Bushnell, James B. - 2000

responsiveness. Thus, restructuring in electricity markets is not now, and is unlikely to be, synonymous with deregulation …

Persistent link: https://www.econbiz.de/10014151446

Competition and cooperation in a PFF game theoretic model of electrical energy trade

Csercsik, Dávid - 2013

A cooperative game theoretic framework is introduced to study the behavior of cooperating and competing electrical energy providers considering price-preference rational consumers. We analyze the interactions of generators in an idealized environment described by a DC load flow model where the...

Persistent link: https://www.econbiz.de/10009719691

Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, K.; Rose, N.L.; Wolfram, C. - Faculty of Economics, University of Cambridge - 2004

This paper explores the empirical effects of competition on technical efficiency in the context of electricity industry restructuring. Restructuring programs adopted by many U.S. states made utilities residual claimants to cost savings and increased their exposure to competitive markets. We...

Persistent link: https://www.econbiz.de/10005647381

Market design

Newbery, D. - Faculty of Economics, University of Cambridge - 2006

Europe is liberalising electricity in accordance with the European Commission’s Electricity Directives. Different countries have responded differently, notably in the extent of restructuring, treatment of mergers, market power, and vertical unbundling. While Britain and Norway have achieved...

Persistent link: https://www.econbiz.de/10005647479

Regulatory Challenges to European Electricity Liberalisation

Newbery, D. - Faculty of Economics, University of Cambridge - 2002

counterparty for the contracts required for adequate investment to sustain competitive pricing. Gas liberalisation is key to making …

Persistent link: https://www.econbiz.de/10005783844

Network Regulation Through Ownership Structure : An Application to the Electric Power Industry

Boffa, Federico; Kiesling, L. Lynne - 2015

traditional natural monopoly regulation. We demonstrate that first-best efficiency characterizes equilibrium in a pricing model …

Persistent link: https://www.econbiz.de/10014218689