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Is Market-Oriented Reform Producing a “Two-Track” Europe? Evidence from Electricity and Telecommunications

Clifton, Judith; Díaz-Fuentes, Daniel; Fernández … - Volkswirtschaftliche Fakultät, … - 2011

The European Commission has formally recognised that adequate provision of basic household services, including energy, communications, water and transport, is key to ensuring equity, social cohesion and solidarity. Yet little research has been done on the impact of the reform of these services...

Persistent link: https://www.econbiz.de/10009277278

Political Price Cycles in Regulated Industries: Theory and Evidence

Moita, Rodrigo M. S.; Paiva, Claudio - In: American Economic Journal: Economic Policy 5 (2013) 1, pp. 94-121

The early work of Stigler (1971) treats the regulatory process as the arbitration of conflicting economic and political interests rather than a pure welfare-maximizing effort. This paper builds on these ideas and models the regulatory process as a game where the industry-lobby, consumers-voters,...

Persistent link: https://www.econbiz.de/10010604121

The Costs and Consequences of Clean Air Act Regulation of CO2 from Power Plants

Burtraw, Dallas; Linn, Josh; Palmer, Karen; Paul, Anthony - In: American Economic Review 104 (2014) 5, pp. 557-62

US climate policy is unfolding under the Clean Air Act. Mobile source and construction permitting regulations are in place. Most important, EPA and the states will determine the form and stringency of the regulations for power plants. Various approaches would create an implicit price on emitting...

Persistent link: https://www.econbiz.de/10010815721

Corporate Incentives and Nuclear Safety

Hausman, Catherine - In: American Economic Journal: Economic Policy 6 (2014) 3, pp. 178-206

price-regulated public utilities to independent power producers. At the time of the sales, some policymakers raised concerns … that safety improved following ownership transfers and the removal of price regulations. Generation increased, and this …

Persistent link: https://www.econbiz.de/10010815882

Deregulation, vertical unbundling and the performance of China's large coal-fired power plants

Zhao, Xiaoli; Ma, Chunbo - In: Energy Economics 40 (2013) C, pp. 474-483

reform has boosted productivity of China's large thermal power plants; however, the presumably differential impacts of the …

Persistent link: https://www.econbiz.de/10010868793

Are Renewable Quotas Effective to Reduce CO2 Emissions?

Galetovic, Alexander; Hernández, Cristián; Muñoz, … - 2012

We quantify the intertemporal impact of a renewable quota on CO2 emissions, pollution and welfare. We find that the quota substitutes investments in base load technologies. Therefore, its environmental benefit depends on the emission intensity factors of base load technologies, not on system...

Persistent link: https://www.econbiz.de/10014172192

The Unbundling Regime for Electricity Utilities in the EU : A Case of Legislative and Regulatory Capture?

Van Koten, Silvester; Ortmann, Andreas - 2008

referred to as Vertically Integrated Utilities (VIUs), can increase their profitability through combined ownership of … incomplete (legal) and complete (ownership) unbundling. There is tantalizing anecdotal evidence that VIUs have tried to influence …

Persistent link: https://www.econbiz.de/10014219240

When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation

Cicala, Steve - 2013

-level legislation that ended cost-of-service regulation among investor-owned electric utilities in the late 1990s. I construct a …

Persistent link: https://www.econbiz.de/10014153006

Generation Investment and Resource Adequacy in Electricity Markets

Isser, Steve N. - 2015

This paper presents an overview of the issue of resource adequacy in general, and the specific problems presented by restructured markets for ensuring adequate investment in generation capacity. The theory of investment in ideal markets is contrasted with the actual behavior of investors in US...

Persistent link: https://www.econbiz.de/10014131747

Ownership vs. Regulation in Electricity Reform : The Role of Governance

Meade, Richard - 2006

Electricity reform typically involves little regard to the possibility that customer ownership might substitute for the … "protections" of state ownership, or for investor ownership under regulatory safeguards, where market power is a concern …. Recognising that regulation is itself costly, and that market contracting, ownership and regulation are partly substitutable forms …

Persistent link: https://www.econbiz.de/10014062279