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The Domestic and International Effects of Interstate U.S. Banking

Ghironi, Fabio Pietro - 2010

implements this form of deregulation experiences increased producer entry, real exchange rate appreciation, and a current account …

Persistent link: https://www.econbiz.de/10013135057

Imperfect Markets Versus Imperfect Regulation in U.S. Electricity Generation

Cicala, Steve - 2017

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...

Persistent link: https://www.econbiz.de/10012965429

Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power

Davis, Lucas W. - 2011

markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 …

Persistent link: https://www.econbiz.de/10013121046

When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation

Cicala, Steve - 2014

techniques relative to matched plants that were not subject to any regulatory change. Deregulation also led to a shift toward …

Persistent link: https://www.econbiz.de/10013054040

On the Persistent Financial Losses of U.S. Airlines : A Preliminary Exploration

Borenstein, Severin - 2011

U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the … that challenges the economics of deregulation. I examine some of the most common explanations among industry participants …

Persistent link: https://www.econbiz.de/10013130786

Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine - 2021

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...

Persistent link: https://www.econbiz.de/10013218426

Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets

Bushnell, James B. - 2007

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...

Persistent link: https://www.econbiz.de/10012775797

Mergers, Deregulation and Cost Savings in the U.S. Rail Industry

Berndt, Ernst R.; Friedlaender, Ann Fetter; Wang … - 2021

The success of deregulation in creating a viable private rail freight system in the ?U.S. since 1979 is relatively … undisputed. Deregulation has proceeded in three ways: (i) eased rate setting restrictions; (ii) simplified merger applications … of deregulation on rail costs from those directly attributable to mergers and acquisitions. We employ a translog variable …

Persistent link: https://www.econbiz.de/10013210639

The U.S. Electricity Industry after 20 Years of Restructuring

Borenstein, Severin - 2015

Prior to the 1990s, most electricity customers in the U.S. were served by regulated, vertically-integrated, monopoly utilities that handled electricity generation, transmission, local distribution and billing/collections. Regulators set retail electricity prices to allow the utility to recover...

Persistent link: https://www.econbiz.de/10013023689

Federal Reserve Policy, Interest Rate Volatility, and the U.S. Capital Raising Mechanism

Friedman, Benjamin M. - 2021

The evidence presented in this paper leads to three conclusions about possible effects on the U.S. long-term capital. raising mechanism due to the sharp increase in interest rate volatility that has followed the Federal Reserve System's adoption of new monetary policy procedures in 1979. First,...

Persistent link: https://www.econbiz.de/10013220828