Add to ORKGThis model of an electric utility views the regulator as setting price with the firm choosing ex ante capital and labor inputs and responding to ex post demand with its fuel input and the services of the ex ante inputs. If the firm anticipates that its choice of capital stock will influence the price set by the regulator, inefficient production many result. An empirical study of 48 electric utilities in 1970 suggests that undercapitalization may be present and that regulators set price below that which unregulated firms would set given their chosen capital stock.
Our simulation considers producers in a competitive energy market. Risk averse producers face uncert...
We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory...
Increases in the cost of fossil fuels helped make automatic fuel cost adjustment mechanisms popular ...
[Introduction] In this paper, we investigate the impact of demand uncertainty on the choice of plant...
The model presented in this study explains how reliability of service fits into the demand for elect...
Averch and Johnson have provided analytical support for the assertion that rate of return regulation...
This article presents a positive model of investment choices by regulated firms that offers rational...
This paper explores the relationship between regulatory uncertainty and firm responses across regula...
An estimation of the regulatory impact on technical change in the electric utility industry, indicat...
This paper focuses on how electric utility companies can respond in their decision making to uncerta...
An established result in the theory of the regulated firm is that an effective rate-of-return constr...
A bargaining model of regulation is developed. It is shown that regulated firms can improve their ba...
Flexibility actions of regulated utilities, such as permitting, siting and designing a powerplant pr...
This paper examines optimal price (i.e. ‘sliding scale’) regulation of a monopoly when productivity ...
International audienceThe lack of consensus on how utility cost is affected by variation in ownershi...
Our simulation considers producers in a competitive energy market. Risk averse producers face uncert...
We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory...
Increases in the cost of fossil fuels helped make automatic fuel cost adjustment mechanisms popular ...
[Introduction] In this paper, we investigate the impact of demand uncertainty on the choice of plant...
The model presented in this study explains how reliability of service fits into the demand for elect...
Averch and Johnson have provided analytical support for the assertion that rate of return regulation...
This article presents a positive model of investment choices by regulated firms that offers rational...
This paper explores the relationship between regulatory uncertainty and firm responses across regula...
An estimation of the regulatory impact on technical change in the electric utility industry, indicat...
This paper focuses on how electric utility companies can respond in their decision making to uncerta...
An established result in the theory of the regulated firm is that an effective rate-of-return constr...
A bargaining model of regulation is developed. It is shown that regulated firms can improve their ba...
Flexibility actions of regulated utilities, such as permitting, siting and designing a powerplant pr...
This paper examines optimal price (i.e. ‘sliding scale’) regulation of a monopoly when productivity ...
International audienceThe lack of consensus on how utility cost is affected by variation in ownershi...
Our simulation considers producers in a competitive energy market. Risk averse producers face uncert...
We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory...
Increases in the cost of fossil fuels helped make automatic fuel cost adjustment mechanisms popular ...