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Capture or Contract? : The Early Years of Electric Utility Regulation
Lyon, Thomas P. - 2003
Jarrell (1978) found that electricity prices rose in states that adopted state regulation before 1917, suggesting that … regulation more credibly protected specialized utility assets from regulatory opportunism than did the municipal franchise … between capacity and prices shifted upward under state regulation, potentially consistent with either explanation. At the same …
Persistent link: https://www.econbiz.de/10014089827
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Information Asymmetries and Regulatory Decision Costs : An Analysis of U.S. Electric Utility Rate Changes 1980-2000
Fremeth, Adam; Holburn, Guy L. F. - 2010
We argue that information asymmetries between regulators and firms increase the administrative decision costs of initiating new policies due to the costs of satisfying evidentiary or “burden of proof” requirements. We further contend that regulators with better information about regulated...
Persistent link: https://www.econbiz.de/10014201122
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Regulatory Opportunism and Investment Behavior : Evidence from the U.S. Electric Utility Industry
Lyon, Thomas P.; Mayo, John W. - 2012
The traditionally large and sunk nature of utility investments gives rise to the possibility, if not the likelihood, of opportunistic behavior on the part of either regulators or regulated firms. In this paper, we develop a theoretical model to provide insights into this possibility, then employ...
Persistent link: https://www.econbiz.de/10014159347
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A Note on the Regulation of Executive Compensation within the 2009 US (Bailout)
Haidar, Jamal Ibrahim - 2011
This paper discusses the design and analyzes the potential benefits and costs of executive pay package policy within the US 2009 Emergency Economic Stabilization Act (EESA), commonly known "Bailout". It shows that the ultimate effect of the EESA on executive compensation is generally difficult...
Persistent link: https://www.econbiz.de/10013134122
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RegData : Australia
McLaughlin, Patrick A. - 2020
. We use RDAU1.0 to capture broad patterns in Australian regulation, and we compare these data to RegData findings from … preliminary analysis yields relational evidence consistent with previous researchers' hypothesis that the extent of regulation … RegData metrics of regulation for 23 different jurisdictions, including the federal governments of Australia and the United …
Persistent link: https://www.econbiz.de/10012848603
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Regdata 3.0 User's Guide
McLaughlin, Patrick A. - 2017
We describe RegData 3.0, a database released by the RegData Project at the Mercatus Center at George Mason University on August 31, 2017, for the purpose of facilitating third-party usage. We explain the primary features of the database, describe the methodology used to build it, and list the...
Persistent link: https://www.econbiz.de/10012946703
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Validating Readability and Complexity Metrics : A New Dataset of Before-and-After Laws
Alschner, Wolfgang - 2021
If algorithms are to be the policy analysts of the future, the policy metrics they produce will require careful validation. This paper introduces a new dataset that assists in the creation and validation of automated policy metrics. It presents a corpus of laws that have been redrafted to...
Persistent link: https://www.econbiz.de/10013236893
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Die Grundzüge der Strommarktregulierung auf der Bundesebene der Vereinigten Staaten und in Kalifornien
Kumkar, Lars - 2001
This paper outlines the essentials of electricity market regulation in the United States and in California. It deals …
Persistent link: https://www.econbiz.de/10011474437
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Analyzing the extent and influence of occupational licensing on the labor market
Kleiner, Morris M.; Krueger, Alan B. - 2011
This study examines the extent and influence of occupational licensing in the U.S. using a specially designed national labor force survey. Specifically, we provide new ways of measuring occupational licensing and consider what types of regulatory requirements and what level of government...
Persistent link: https://www.econbiz.de/10009230732
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Lobbying and Regulation in a Political Economy : Evidence from the U.S. Cellular Industry
Duso, Tomaso - 2005
In this paper we empirically test the simultaneity between the effects and the determinants of price regulation in the …. Because of lobbying successfulness, firms avoided regulation in those markets where it would have been more effective …. Therefore, regulation did not significantly reduce cellular tariffs in regulated markets but it would have decreased them if …
Persistent link: https://www.econbiz.de/10014074586