There is a tradeoff that must be addressed any time a contract is written; whether or not to make a contract flexible but incomplete or rigid but comprehensive. This paper investigates the completeness of hydroelectric license contracts over a nearly three decade time span and finds that as...

This paper analyzes ownership trends of nonfederal hydropower generating assets from 1980-2003. Previous research has shown that the overall electricity industry is unique in that, because of the extreme inelasticity of demand for power, even small sectors of the industry have the potential to...

Assuming that interest groups, like households, firms, or any other structured organization, have limited resources but broad objectives, how do they pick and choose which regulatory battles to fight? The issue of interest group battle choice has received little direct attention in the...

Many demands are currently made on the United States’ limited water resources, including use for irrigation, recreation, hydropower, municipal use, and instream maintenance. This large set of demands poses a problem because supply is essentially stagnant. Looking forward, this situation of...