This paper offers a defence of Atkinson's model of the flexible firm. It takes issue with two arguments against it: that the model needs to be understood at a political level, as part of a wider `post-industrial' vision; and that the observed increase in flexibility offers the model no support...

The authors analyze recent FERC proceedings in respect of California's feed-in tariff (FIT), Assembly Bill 1613, for certain cogeneration systems and the potential new opportunities for implementation of state FITs under PURPA moving forward. They consider the remaining uncertainty in respect of...