G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w22254
来源IDWorking Paper 22254
Ownership and the Price of Residential Electricity: Evidence from the United States, 1935-1940
Carl T. Kitchens; Taylor Jaworski
发表日期2016-05-16
出版年2016
语种英语
摘要In this paper, we quantify the difference between public and private prices of residential electricity immediately before and after major federal reforms in the 1930s and 1940s. Previous research found that public prices were lower in a sample of large, urban markets. Based on new data covering over 15,000 markets and nearly all electricity generated for residential consumption, we find the difference between public and private prices was small in 1935 and negligible in 1940 for typical levels of monthly consumption. These findings are consistent with a market for ownership that helped to discipline electricity prices during this period. That is, private rents were mitigated by the threat that municipalities would use public ownership to respond to constituent complaints and public rents were limited by electoral competition and the growth of private provision.
主题Microeconomics ; Market Structure and Distribution ; History ; Macroeconomic History
URLhttps://www.nber.org/papers/w22254
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/579925
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Carl T. Kitchens,Taylor Jaworski. Ownership and the Price of Residential Electricity: Evidence from the United States, 1935-1940. 2016.
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