| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23053 |
| 来源ID | Working Paper 23053 |
| Imperfect Markets versus Imperfect Regulation in U.S. Electricity Generation | |
| Steve Cicala | |
| 发表日期 | 2017-01-16 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper measures changes in electricity generation costs caused by the introduction of market mechanisms to determine output decisions in service areas that were previously using command-and-control-type operations. I use the staggered transition to markets from 1999- 2012 to evaluate the causal impact of liberalization using a nationwide panel of hourly data on electricity demand and unit-level costs, capacities, and output. To address the potentially confounding effects of unrelated fuel price changes, I use machine learning methods to predict the allocation of output to generating units in the absence of markets for counterfactual production patterns. I find that markets reduce production costs by $3B per year by reallocating output among existing power plants: Gains from trade across service areas increase by 20% based on a 10% increase in traded electricity, and costs from using uneconomical units fall 20% from a 10% reduction in their operation. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Welfare and Collective Choice ; Industrial Organization ; Market Structure and Firm Performance ; Regulatory Economics ; Industry Studies ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w23053 |
| 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/580727 |
| 推荐引用方式 GB/T 7714 | Steve Cicala. Imperfect Markets versus Imperfect Regulation in U.S. Electricity Generation. 2017. |
| 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 | ||
| w23053.pdf（1838KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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