| 来源类型 | Working Paper |
| 规范类型 | 论文 |
| Electricity Pricing to U.S. Manufacturing Plants, 1963-2000 | |
| Steven J. Davis; John C. Haltiwanger; Cheryl Grim; Mary Streitwieser | |
| 发表日期 | 2008-03-18 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We develop a large customer-level database to study electricity pricing to U.S. manufacturing plants from 1963 to 2000. We document tremendous dispersion in price per kWh, trace that dispersion to quantity discounts and spatial differentials, estimate the role of cost factors in quantity discounts, and test whether marginal price schedules conform to marginal cost and Ramsey pricing conditions. Our cost analysis and pricing tests rely on a novel empirical approach that exploits utility-level differences in the customer size distribution to estimate how supply costs vary with purchase quantity. The results reveal that annual supply costs per kWh fall by more than half in moving from smaller to bigger purchasers, providing a clear cost-based rationale for quantity discounts. Before the mid 1970s, marginal price and marginal cost schedules are nearly identical, in line with efficient pricing.In later years, marginal supply costs exceed marginal prices for smaller manufacturing customers by 10% or more. In contrast to a clear role for cost factors, our evidence provides no support for a standard Ramsey-pricing interpretation of quantity discounts. Spatial dispersion in retail electricity prices among states, counties and utility service territories is large and rises over time for smaller purchasers.. . . Click here to view the entire paper as an Adobe Acrobat PDF. Steven J. Davis is a visiting scholar at AEI. |
| 主题 | Economics |
| 标签 | energy ; fuel ; national bureau of economic research (NBER) |
| URL | https://www.aei.org/research-products/working-paper/electricity-pricing-to-u-s-manufacturing-plants-1963-2000/ |
| 来源智库 | American Enterprise Institute (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/206978 |
| 推荐引用方式 GB/T 7714 | Steven J. Davis,John C. Haltiwanger,Cheryl Grim,et al. Electricity Pricing to U.S. Manufacturing Plants, 1963-2000. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| 20080318_SteveDavisP（254KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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