This paper presents the first systematic empirical evidence on transfer pricing in multinational corporations. The authors examine the Canadian petroleum industry, which is dominated by foreign multinationals. The data cover the period 1974-84 and allow the authors to analyze the allegation of...

In this paper we use a micro approach to model Quebec residential demand for electricity. The model incorporates a joint continuous/discrete decision framework which allows for interrelationships between decisions on electricity-related durable holdings and those on usage. In the spirit of...

This study examines the role of elections in determining electricity prices in Quebec. The legislation governing Hydro-Quebec is used to develop a model incorporating its stated policy objectives and the partisan interests of the governing party. Bayesian methods are used to incorporate...

Once a hydroelectric power site is operational, its production is constrained both by the available hydraulic energy that drives the turbines and by the installed capacity that limits the pace at which hydraulic energy can be turned into electricity. Different costs are associated with these two...

A public-choice model is presented in order to explain the fact that publicly owned electricity utilities rarely price at marginal cost in practice. It is shown that if (1) government revenues are raised through proportional taxes, (2) median income is less than mean income, and (3) the share of...

G. Jenkins (1985) argues that the special relationships between the provincial governments and their publicly-owned electric utilities have led to overuse of capital in the electric power industry and hence to significant economic waste. His analysis ignores the particular circumstances of...