| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11001 |
| 来源ID | Working Paper 11001 |
| Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency | |
| Kira Markiewicz; Nancy L. Rose; Catherine Wolfram | |
| 发表日期 | 2004-12-20 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | While neoclassical models assume static cost-minimization by firms, agency models suggest that firms may not minimize costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to market-oriented environments for many U.S. electric generating plants. Our estimates of input demand suggest that publicly-owned plants, whose owners were largely insulated from these reforms, experienced the smallest efficiency gains, while investor-owned plants in states that restructured their wholesale electricity markets improved the most. The results suggest modest medium-term efficiency benefits from replacing regulated monopoly with a market-based industry structure. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Antitrust ; Regulatory Economics ; Industry Studies ; Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w11001 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568636 |
| 推荐引用方式 GB/T 7714 | Kira Markiewicz,Nancy L. Rose,Catherine Wolfram. Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency. 2004. |
| 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 | ||
| w11001.pdf（242KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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