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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

Vertical Arrangements, Market Structure, and Competition : An Analysis of Restructured U.S. Electricity Markets

Bushnell, James B.; Mansur, Erin; 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

Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine - 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

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

Vertical Integration and the Restructuring of the U.S. Electricity Industry

Michaels, Robert J. - 2004

Debates on restructuring of the U.S. electricity industry are often about the degree to which market relationships should replace transactions that formerly took place within regulated, vertically integrated utilities. Markets for the purchase of energy by vertically unintegrated distribution...

Persistent link: https://www.econbiz.de/10014069490

Product Market Competition and Upstream Innovation : Theory and Evidence from the US Electricity Market Deregulation

Sanyal, Paroma - 2015

organizational structure. Second, we use the US electricity deregulation in the 1990's to test the model. Using patents as a metric … for innovation, we identify two channels through which the effects of deregulation are transmitted to innovation: (a) the … appropriation effect which has decreased innovation by 19.5 percent after deregulation, and (b) the competition effect which has …

Persistent link: https://www.econbiz.de/10012749984

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

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

Competition Requires Transmission Capacity : The Case of the U.S. Northeast

Hale, Douglas R.; Overbye, Thomas J.; Leckey, Thomas - 2000

This article examines the ability of the electrical grid to support trade in real power in the northeast U.S. power market. The authors estimate the effect on prices in New England (NEPOOL) and New York (NYPP) of greater exports from Michigan, Indiana, Kentucky, Ohio, West Virginia, and northern...

Persistent link: https://www.econbiz.de/10014151445

Product Market Competition and Economic Performance in the United States

Suppanz, Hannes; Wise, Michael; Kiley, Michael - Economics Department, Organisation de Coopération et … - 2004

experience with deregulation created pressures for liberalisation in network industries, where the United States has rather been …

Persistent link: https://www.econbiz.de/10005045769