by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric … from 1998-2001. Our results show that the process of deregulation has a negative impact on firms' productive efficiency …This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked …

costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …-owned plants, whose owners were largely insulated from these reforms, experienced the smallest efficiency gains, while investor …-term efficiency benefits from replacing regulated monopoly with a market-based industry structure …

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 … efficiency in the context of electricity industry restructuring. Restructuring programs adopted by many U.S. states made …

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 … percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At …

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 … percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At …