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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

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

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

Testing market power and welfare effects in the US catfish industry

Nguyen, Giap V.; Jolly, Curtis M.; Nguyen, Thong T. - In: Journal of agricultural & food industrial organization 20 (2022) 2, pp. 1-12

Persistent link: https://www.econbiz.de/10013259587

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

Estimating Market Power in the U.S. Copper Industry

Agostini, Claudio A. - 2003

Before 1978, most of the U.S. domestic copper production and an important fraction of the imports were traded at a price set by the major U.S. producers. Simultaneously, the rest of the world was trading copper at prices determined in auction markets. This two-price system ended in 1978, when...

Persistent link: https://www.econbiz.de/10014031200

An Analysis of Market Power in the U.S. Brewing Industry : A Simultaneous Equation Approach

McCafferty, Michael; Bhuyan, Sanjib - 2012

The U.S brewing industry plays an important role in the U.S. economy. There is an on-going debate over the impact of rise in concentration in the brewing industry as well as its competitiveness, e.g., Denney et al. (2002), Tremblay and Tremblay (2005). Such on-going concerns and debate over the...

Persistent link: https://www.econbiz.de/10014166927

Did US consumers 'save for a rainy day' before the Great Recession?

Anundsen, André Kallåk; Nymoen, Ragnar - 2015

The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...

Persistent link: https://www.econbiz.de/10010518800

Economic regime shifts and the US subprime bubble

Anundsen, André Kallåk - 2013

of financing. -- cointegration ; regime shifts ; US housing bubble ; subprime lending ; bubble indicator …

Persistent link: https://www.econbiz.de/10009704286

Merger Deregulation, Wages, and Inequality : Evidence from the U.S. Banking Industry

Aneja, Abhay; Krishnamurthy, Prasad - 2022

We study the effect of bank merger deregulation on market structure and wages in the banking industry. We show that … state deregulation of bank mergers and acquisitions increased the market share of large, multi-state banks and lowered wages …. Deregulation had no measurable effect on employment within the banking industry, and no direct effect on banking …

Persistent link: https://www.econbiz.de/10013403901

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