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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 among investor-owned electric utilities in the late 1990s. I construct a …
Persistent link: https://www.econbiz.de/10014153006
efficiency in the context of electricity industry restructuring. Restructuring programs adopted by many U.S. states made … wholesale electricity markets had the largest reductions in nonfuel operating expenses and employment, while investor …
Persistent link: https://www.econbiz.de/10014028681
. -- natural gas ; networks ; regulation ; ownership unbundling ; panel data … empirically analyse the effect of ownership unbundling of gas transmission networks as the strongest form of vertical separation … avoid the endogeneity problem and to estimate the long-run effects of regulation. We introduce a set of regulatory …
Persistent link: https://www.econbiz.de/10009743234
's Competition Advocacy Program applauds the DOJ for acknowledging the limitations of price regulation and the unintended … regulate competition: (1) the social costs of price regulation in a market economy, (2) the problematic history of price … regulation and its consequences, and (3) examples of modern price regulation and the role of antitrust …
Persistent link: https://www.econbiz.de/10012917691
monopoly. It is, therefore, misguided to adopt ex-ante fixed regulation on digital platforms as a whole, as now envisaged by … enforcement on e-commerce giants. Meanwhile, exploitative abuse (or superior-bargaining-position) regulation has attracted … increasing attention, in order to protect suppliers from abuse by e-commerce giants. This regulation needs exacting application …
Persistent link: https://www.econbiz.de/10013295423
enables all entities and components integrated in the electricity supply system to exchange information without knowing the … and optimize the use of electricity depend on the availability of a smart grid communication network. End … bridged by deploying an Advanced Metering Infrastructure (AMI). Given the current liberalized electricity markets' structure …
Persistent link: https://www.econbiz.de/10009375075
This article examines the issue of the appropriate scope of review of economic evidence enshrined in the discretionary assessments of utility regulators in the US and the UK. It advances a balance of institutional competencies approach to the question of the degree of deference owed to the...
Persistent link: https://www.econbiz.de/10012936634
In this Article we focus upon an area in which greater convergence of U.S. policy with the practice of many foreign countries is long overdue: the treatment of public policies that suppress competition. Whereas the European Union (“EU”) and numerous other jurisdictions have taken strong...
Persistent link: https://www.econbiz.de/10014039873
The stand-alone-cost test has become an expensive, extensive, and time-consuming part of the regulatory practice of the U.S. Surface Transportation Board in the performance of its statutory duty to protect "captive shippers" from monopoly rail rates. Worse, a close examination of the history of...
Persistent link: https://www.econbiz.de/10014196284
We quantify firms' regulatory compliance costs from 2002 to 2014 in terms of their labor spending to adhere to government rules. Detailed establishment-level occupation data, in combination with occupation-specific task information, allow us to recover the share of an establishment's wage bill...
Persistent link: https://www.econbiz.de/10014255956