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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...
Persistent link: https://www.econbiz.de/10014031113
We argue that information asymmetries between regulators and firms increase the administrative decision costs of initiating new policies due to the costs of satisfying evidentiary or “burden of proof” requirements. We further contend that regulators with better information about regulated...
Persistent link: https://www.econbiz.de/10014201122
The traditionally large and sunk nature of utility investments gives rise to the possibility, if not the likelihood, of opportunistic behavior on the part of either regulators or regulated firms. In this paper, we develop a theoretical model to provide insights into this possibility, then employ...
Persistent link: https://www.econbiz.de/10014159347
Many policy-makers are currently weighing the advantages of deregulating electricity markets over more traditional regulatory methods. However, within this traditional regulatory environment many options exist. In particular, the use of incentive regulation programs in US electricity markets has...
Persistent link: https://www.econbiz.de/10014173805
relevant to this debate. In so doing, we examine the influence of availability, competition, and demographics on the adoption …) competition on broadband penetration, relative to the effect of simple broadband availability. The econometric results indicate … that after controlling for the demand and cost influences on adoption, intermodal competition drives increased penetration …
Persistent link: https://www.econbiz.de/10014031125
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