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Estimating Economies of Scale and Scope with Flexible Technology
Triebs, Thomas; Saal, David S.; Arocena, Pablo; … - 2012
Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...
Persistent link: https://www.econbiz.de/10010312125
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When Competition Plays Clean : How Electricity Market Liberalization Facilitated State-level Climate Policies in the United States
Lee, Nathan - 2019
Why do some governments adopt policies to mitigate climate change while others do not? In this study, I illustrate the importance of industrial organization in shaping prospects for climate mitigation policy. Using a generalized difference-in-differences analysis, I show that U.S. states that...
Persistent link: https://www.econbiz.de/10012900366
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Product Market Competition and Economic Performance in the United States
Suppanz, Hannes - 2004
experience with deregulation created pressures for liberalisation in network industries, where the United States has rather been …
Persistent link: https://www.econbiz.de/10012444089
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Effects of Firm Complexity on the Adaption of Board Structure : Evidence from U.S. Electric Utilities Following Deregulation
Hoi, Chun-Keung; Wollan, Patricia L. - 2010
This paper reexamines the adaptation of board structure in U.S. electric utilities following deregulation. Post-deregulation … changes in the complexity of a firm’s operations. Electric utilities that do not become more complex after deregulation reduce … that become more complex; these utilities employ more outsiders but fewer inside directors after deregulation. We conclude …
Persistent link: https://www.econbiz.de/10014193644
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - 2013
Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel procurement practices by coal- and natural gas-fired electricity generating plants in the United States following state-level legislation that ended cost-of-service regulation...
Persistent link: https://www.econbiz.de/10014153006
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Vertical Arrangements, Market Structure, and Competition : An Analysis of Restructured U.S. Electricity Markets
Bushnell, James; Mansur, Erin T.; Saravia, Celeste - 2005
This paper examines the relative importance of horizontal market structure, auction design, and vertical arrangements in explaining electricity prices. We define vertical arrangements as either vertical integration or long term contracts whereby retail prices are determined prior to wholesale...
Persistent link: https://www.econbiz.de/10014027930
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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 D. - 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
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Global steam coal supply costs in the face of Chinese infrastructure investment decisions
Paulus, Moritz; Trueby, Johannes - 2010
In this work we demonstrate the effects of different Chinese transport infrastructure investment strategies on long run marginal costs of steam coal supply in Europe. Increasing Chinese demand for steam coal will lead to a growing need for additional domestic infrastructure in China as...
Persistent link: https://www.econbiz.de/10010293356
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Separating environmental efficiency into production and abatement efficiency: A nonparametric model with application to U.S. power plants
Hampf, Benjamin - 2011
In this paper we present a new approach to evaluate the environmental efficiency of decision making units. We propose a model that describes a two-stage process consisting of a production and an end-of-pipe abatement stage with the environmental efficiency being determined by the efficiency of...
Persistent link: https://www.econbiz.de/10010323737
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Unlocking the potential of the smart metering technology : how can regulation level the playing-field for new services in smart grids?
Kranz, Johann Joachim; Picot, Arnold; Roemer, Benedikt - 2011
By integrating a communications system with the existing power grid, smart grids provide end-to-end connectivity. This enables all entities and components integrated in the electricity supply system to exchange information without knowing the network's structure. New services and applications...
Persistent link: https://www.econbiz.de/10009375075