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Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency
Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine D. - 2005
Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost-minimizing behavior regardless of market...
Persistent link: https://www.econbiz.de/10014028681
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - 2013
Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel procurement practices by coal- and natural gas-fired electricity generating plants in the United States following state-level legislation that ended cost-of-service regulation...
Persistent link: https://www.econbiz.de/10014153006
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Against the Stand-Alone-Cost Test in U.S. Freight Rail Regulation
Pittman, Russell W. - 2010
The stand-alone-cost test has become an expensive, extensive, and time-consuming part of the regulatory practice of the U.S. Surface Transportation Board in the performance of its statutory duty to protect "captive shippers" from monopoly rail rates. Worse, a close examination of the history of...
Persistent link: https://www.econbiz.de/10014196284
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The US Railroads - Their Evolution, Structure and Operations Part 1
Nag, Bodhibrata - 2013
This paper outlines the evolution, structure and operations of US railroads. It traces the evolution of the railroad network and the regulation framework. The current industry structure is also examined along with organization and operational characteristics. The strategies underlying the...
Persistent link: https://www.econbiz.de/10014038343
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Subadditivity Tests for Network Separation with an Application to U.S. Railroads
Ivaldi, Marc; McCullough, Gerard J. - 2004
We describe a pair of subadditivity tests that can be used to evaluate the technological feasibility of separating a vertically integrated network monopoly into a common infrastructure component and competing operating components. We implement the tests with a Generalized McFadden cost function...
Persistent link: https://www.econbiz.de/10014029380
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US Auto Industry Bailouts : Will Protectionist Potholes Put a Dent in Trade and Competitiveness?
Benson, Christina C. - 2012
In the wake of global recession, governments worldwide face increasing pressures to assist ailing domestic industries, especially companies deemed "too big to fail." The auto sector provides an excellent illustration of the tensions between the need to rescue ailing domestic producers without...
Persistent link: https://www.econbiz.de/10013107925
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Stuck in the slow lane : undoing traffic composition biases in the measurement of trucking productivity
Boyer, Kenneth Duncan; Burks, Stephen V. - In: Southern economic journal 75 (2009) 4, pp. 1220-1237
Persistent link: https://www.econbiz.de/10003863441
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Stuck in the Slow Lane : Traffic Composition and the Measurement of Labor Productivity in the U.S. Trucking Industry
Boyer, Kenneth; Burks, Stephen V. - 2021
Mirroring the railroad industry of the 1940's and 1950's, the trucking industry today appears to be achieving impressive productivity gains. But it is easy to confuse true productivity advances in transportation industries with changes in ton-miles per unit of input that are due simply to...
Persistent link: https://www.econbiz.de/10013317228
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What are over-the-road truckers paid for? Evidence from an exogenous regulatory change on the role of social comparisons and work organization in wage determination
Burks, Stephen V.; Guy, Frederick - 2012
deregulation. Road driver output is individualized, and pay is on the basis of a piece rate (mileage). However, road drivers work … companies paid more than those for TL companies, but in LTL the union earnings premium was maintained following deregulation and …
Persistent link: https://www.econbiz.de/10010282408
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What are over-the-road truckers paid for? : evidence from an exogenous regulatory change on the role of social comparisons and work organization in wage determination
Burks, Stephen V.; Guy, Frederick - 2012
economic deregulation. Road driver output is individualized, and pay is on the basis of a piece rate (mileage). However, road … deregulation and union coverage fell slowly, while in TL both the union differential and union coverage fell sharply. We review …) ; truckload (TL) ; regulation ; deregulation ; union premium …
Persistent link: https://www.econbiz.de/10009532078