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来源类型Working Paper
规范类型报告
DOI10.3386/w24558
来源IDWorking Paper 24558
Shock Value: Bill Smoothing and Energy Price Pass-Through
Catherine Hausman
发表日期2018-04-30
出版年2018
语种英语
摘要Energy prices are volatile, affect every consumer and industry in the economy, and are impacted by regulations including gas taxes and carbon pricing. Like the pass-through literature in general, the growing energy pass-through literature focuses on marginal prices. However, multi-part pricing is common in energy retail pricing. I examine the retail natural gas market, showing that while marginal prices exhibit full or nearly full pass-through, fixed fees exhibit negative pass-through. This is consistent with the stated desire by utilities and regulators to prevent "bill shock." I discuss implications for pass-through estimation and for proposed alternative pricing structures for regulated utilities.
主题Industrial Organization ; Market Structure and Firm Performance ; Industry Studies ; Environmental and Resource Economics ; Energy
URLhttps://www.nber.org/papers/w24558
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/582231
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Catherine Hausman. Shock Value: Bill Smoothing and Energy Price Pass-Through. 2018.
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