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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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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
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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/10009266777
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Market specific news and its impact on electricity prices : forward premia
Lazarczyk, Ewa - 2013
This paper studies the impact of market specific news on the short-time forward premia on the Scandinavian electricity market. I show that the short time premia between the day-ahead and intra-day electricity prices on the Scandinavian market can be explained by the arrival of news specific to...
Persistent link: https://www.econbiz.de/10009702265
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Mean-variance optimization of power generation portfolios under uncertainty in the merit order
Sunderkötter, Malte; Weber, Christoph - 2011
In this article we discuss welfare-optimal capacity allocation of different electricity generation technologies available for serving system demand. While the classical peak load pricing theory derives the efficient portfolio structure from a deterministic marginal production cost curve ("merit...
Persistent link: https://www.econbiz.de/10010429439