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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 …-level legislation that ended cost-of-service regulation among investor-owned electric utilities in the late 1990s. I construct a … under cost-of-service regulation. I then show that the drop in the price of coal is associated with a reallocation of …
Persistent link: https://www.econbiz.de/10014153006
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Improving Regulatory Impact Analysis Through Process Reform : Testimony Before the U.S. Congress Joint Economic Committee
Ellig, Jerry - 2014
Scholarly research demonstrates that Regulatory Impact Analysis often falls short of the standards articulated in …
Persistent link: https://www.econbiz.de/10013048676
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Franchise termination laws, craft brewery entry and growth
Burgdorf, Jacob - 2021
This paper estimates how beer franchise laws and their interaction with restrictions on vertical integration between manufacturing and wholesaling impacted US craft brewers' entry and production decisions. The effects are identified by exploiting variation in policies across states and time...
Persistent link: https://www.econbiz.de/10012792454
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The Political Economy of (De)Regulation : Theory and Evidence from the US Electricity Industry
Guerriero, Carmine - 2019
The choice of whether to regulate firms or to allow them to compete is key. If the demand is sufficiently inelastic, competition entails narrower allocative inefficiencies but, also, smaller expected profits and, thus, weaker incentives to invest in cost reduction. Hence, deregulation should be...
Persistent link: https://www.econbiz.de/10012906047
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United States Department of Justice, Antitrust Division Public Roundtable Series on the Relationship between Competition and Regulation, Third Roundtable – on Anticompetitive Regul...
Lipsky, Tad - 2018
'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
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The Political Economy of Incentive Regulation : Theory and Evidence from U.S. States
Guerriero, Carmine - 2017
The determinants of incentive regulation are a key issue in economics. More powerful rules relax allocative distortions …
Persistent link: https://www.econbiz.de/10014191827
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The Political Economy of (De)Regulation : Theory and Evidence from the US Electricity Industry
Guerriero, Carmine - 2019
The choice of whether to regulate firms or to allow them to compete is key. If the demand is sufficiently inelastic, competition entails narrower allocative inefficiencies but, also, smaller expected profits and, thus, weaker incentives to invest in cost reduction. Hence, deregulation should be...
Persistent link: https://www.econbiz.de/10014191829
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The Political Economy of Incentive Regulation : Theory and Evidence from U.S. States
Guerriero, Carmine - 2016
The determinants of incentive regulation are an important issue in economics. More powerful rules relax allocative …
Persistent link: https://www.econbiz.de/10014218720
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The Political Economy of Incentive Regulation : Theory and Evidence from U.S. States
Guerriero, Carmine - 2016
The determinants of incentive regulation are an important issue in economics. More powerful rules relax allocative …
Persistent link: https://www.econbiz.de/10014056105
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The Political Economy of (De)Regulation : Theory and Evidence from the US Electricity Industry
Guerriero, Carmine - 2019
The choice of whether to regulate firms or to allow them to compete is key. If the demand is sufficiently inelastic, competition entails narrower allocative inefficiencies but, also, smaller expected profits and, thus, weaker incentives to invest in cost reduction. Hence, deregulation should be...
Persistent link: https://www.econbiz.de/10014190873