By Dennis L. Weisman (auth.), Michael A. Crew (eds.)
Expanding pageant in Regulated Industries reports the altering regulatory setting, particularly incentive legislation and pageant in regulated industries. a few of the significant adjustments in electrical energy, fuel, and mobilephone utilities enable for festival in neighborhood carrier via unbundling. This publication is of curiosity to researchers, application managers, regulatory commissions, and the Federal Government.
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23 Joskow (1999) argues that incentive regulation along the lines of that employed in the United Kingdom for the National Grid Company (NGC) may be worth considering the United 8tates. 40 Expanding Competition in Regulated Industries Hogan, William W. 1992. " Journal ofRegulatory Economics 4(3): 211-242. Joskow, Paul L.. 1999. Comments ofProfessor Paul L. Joskow. Federal Energy Regulatory Commission, Docket No. Rm99-2-000, August 16, 1999. Kleindorfer, Paul R. 1998. " In Designing Competitive Electricity Markets, edited by Hung-Po Chao and Hillard G.
Cambridge MA: MIT Press; and Washington DC: ABI Press. Vogelsang, logo. 1989. " In Deregulation and Diversification 01 Utilities, edited by Michael Crew, Boston MA: Kluwer Acadernic Publishers, 21-42. Weisman, Dennis L. 1993. " Journal olRegulatory Economics 5: 355-366. Weisman, Dennis L. 1994. " Journal olRegulatory Economics 6(4): 339-362. Weisman, Dennis L. " Kansas State University Working Paper, February 2000. Transmission - Enabler of Wholesale Competition* Shimon Awerbuch Independent Economist Michael A.
The result is that prices in A rise, prices in Brise as some product is sent to A, and transport costs rise. As transport costs rise, however, the markets become less connected. Yet a correlation analysis may show increased, rather than decreased, correlation between the markets during the period of shocks. In electricity and natural gas markets, where transmission and pipeline capacity is constrained, this critique may weIl apply. DeVany and Walls (1995, 96) and Woo et al. (1997) assert that correlation analyses can be used in place of the traditional structural measures of market concentration for antitrust analysis.