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Economic theory states that “free market” competition naturally achieves lower prices—thereby increasing efficiency and benefiting society. This is the first paper in the literature to use means testing to statistically analyze electricity prices, from 1970-2011, for states that...
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account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of …
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In this paper we advocate using the latent class model (LCM) approach to control for technological differences in traditional efficiency analysis of regulated electricity networks. Our proposal relies on the fact that latent class models are designed to cluster firms by uncovering differences in...
Persistent link: https://www.econbiz.de/10011822014
A critical aspect of public utility regulation is the determination of the allowed return on equity (“ROE …
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