This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric utilities in the United States. We argue that there are...

Jarrell (1978) found that electricity prices rose in states that adopted state regulation before 1917, suggesting that regulators were "captured" by the interests of the regulated electric utilities. An alternative explanation is that state regulation more credibly protected specialized utility...

This paper studies a supply chain consisting of two suppliers and one retailer in a spot market, where the retailer uses the newsvendor solution as its purchase policy, and suppliers compete for the retailer's purchase. Since each supplier's bidding strategy affects the other's profit, a game...

The common European electricity market requires both market integration and transmission grid expansion, including trans-border interconnectors. Although the benefits of increased interconnectivity are widely acknowledged, expansion of interconnectors is often very slow. This paper gathers...

The common European electricity market requires both market integration and transmission grid expansion, including trans-border interconnectors. Although the benefits of increased interconnectivity are widely acknowledged, expansion of interconnectors is often very slow. This paper gathers...

Coordinated electricity spot markets support open access to existing transmission grids. Associated financial transmission rights provide a key ingredient for long-term contracting and property rights for grid expansion. Design of a mixed system of merchant and regulated transmission investment...

The concept of the General Purpose Technology (GPT) of the late 1990s is a culmination of many evolutionary views in innovation-thinking. By definition the GPT considers the technical, social, and economic effects of meta-technologies like steam-technology and electric technology. This paper...

The concept of the General Purpose Technology (GPT) of the late 1990s is a culmination of many evolutionary views in innovation-thinking. By definition the GPT considers the technical, social, and economic effects of meta-technologies like steam-technology and electric technology. This paper...

The unintended economic effect on society as result of individual behaviour — Adam Smith’s ‘Invisible Hand’ of economic progress in the eighteenth century — had its equivalent in technological progress. In the nineteenth century, again individual behaviour with its Acts of Innovation...

This paper consists on an empirical study and testing of the relationship between the Beta and Expected return of the Cement and Power generation & distribution sector of Pakistan. The data consisted on time period of 5 years.It discusses regression analysis of Beta and Expected return of both...