sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than …This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to … role of the tariff in fostering the industry's early development. Domestic pig iron production is found to be highly …

following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated … techniques relative to matched plants that were not subject to any regulatory change. Deregulation also led to a shift toward …

residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to …

implications of production inefficiencies attributed to market power in the Pennsylvania, New Jersey, and Maryland electricity …Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase … price by distorting output decisions, causing cross-firm production inefficiencies. This study estimates the environmental …

available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government … bargaining with domestic SIGs can gain by constraining tariffs through international agreements even if this leads to the use of … indicates NTBs are less efficient than the tariffs they imperfectly replace. Moreover, we find parametric and non …

We study price convergence between the two major markets for wholesale electricity in California from their … deregulation in April 1998 through November 2000, nearly the end of trading in one market. We would expect profit … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 … average wholesale prices the value of this increased efficiency is approximately $2.5 billion annually and implies an annual … companies owning only one or two reactors. Beginning in the late 1990s electricity markets in many states were deregulated and …

volatility, the deregulation was associated with a convergence of Japanese quoted spreads toward those of other banks. (2 …) Modeling the persistence in volatility reveals that deregulation lowered conditional volatility …A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper …

volatility for rural households. Furthermore, household production shifts into high-risk, high-return activities …

residential electricity and natural gas demand for the world's sixth largest economy - California. The advantage of the proposed … show that failing to account for extensive margin adjustment in electricity demand leads to a significant underestimate of … the future impacts on electricity consumption. We further show that reductions in natural gas demand more than offset any …