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  • 1
    Electronic Resource
    Electronic Resource
    THE ECONOMIC EFFICIENCY OF PUBLIC VS. PRIVATE GAS DISTRIBUTION UTILITIES (1994)
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 65 (1994), S. 0 
    Details
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-8292.1994.tb01515.x
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Firm/interruptible gas pricing patterns in a regulated environment (1989)
    Springer
    Journal of regulatory economics 1 (1989), S. 47-67 
    Details
    ISSN: 1573-0468
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Conclusion This study provides empirical tests for the effects of rate base regulation, curtailment priorities, fuel clauses, and elected commissioners on firm/interruptible gas pricing patterns. These regulations do alter observed pricing patterns with curtailment priorities, fuel clauses, and elected commissioners all producing net social gains. Rate of return regulation imposes social costs resulting in a net decrease in social welfare. Ignoring the political influences upon regulators, regulation generally encourages consumption at the peak relative to the off-peak. Nonetheless, overall social welfare is improved if all four types of regulatory characteristics are present, since most rates are reduced from their monopoly levels.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00150297
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  • 3
    Electronic Resource
    Electronic Resource
    Gas Utility Prices in a Restructured Industry (1999)
    Springer
    Journal of regulatory economics 16 (1999), S. 167-186 
    Details
    ISSN: 1573-0468
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The natural gas industry has witnessed significant policy changes since 1978. The Federal Energy Regulatory Commission has undertaken a number of policy initiatives designed to promote competition in the natural gas industry. These initiatives have affected both natural gas pipeline and local gas distribution companies. This study provides an empirical examination of the impact of restructuring on local gas distribution utilities' residential, commercial, and industrial prices.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1008145001937
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    Paper (German National Licenses)
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  • 4
    Electronic Resource
    Electronic Resource
    Downstream gas pricing in an era of upstream deregulation (1994)
    Springer
    Journal of regulatory economics 6 (1994), S. 227-245 
    Details
    ISSN: 1573-0468
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract State public service commission regulation of gas utility pricing is examined during the period of wellhead price deregulation. A model which incorporates asymmetry in price setting during a period of changing input costs is estimated. Statistical analyses suggest public service commission regulation slowed the increase in gas utility prices during periods of rising costs. Gas utility pricing was not monitored as closely when purchased gas prices fell, thereby altering the rate structure in favor of industrial customers. Federal Energy Regulatory Commission policies designed to promote competition by restructuring the transmission sector of the gas industry after 1985 appear to have suppressed retail prices in industrial markets.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01064653
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  • 5
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    Firm/Interruptible Gas Pricing Patterns in a Regulated Environment (1989)
    Norwell, Mass. : Periodicals Archive Online (PAO)
    Journal of regulatory economics. 1:1 (1989:Mar.) 47 
    Details
    ISSN: 0922-680X
    Topics: Economics
    URL: http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pao:&rft_dat=xri:pao:article:h431-1989-001-01-000004
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  • 6
    Electronic Resource
    Electronic Resource
    An examination of the relative economic efficiency of mutual vs. stock savings institutions (1990)
    Springer
    The journal of real estate finance and economics 3 (1990), S. 73-89 
    Details
    ISSN: 1573-045X
    Keywords: profit function ; savings institutions ; economic efficiency
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article employs a nonlinear system of Cobb-Douglas profit and input demand equations to analyze price and technical efficiency in a sample of presumably not-for-profit mutual and presumably profit-maximizing stock savings institutions. Theories of property rights and agency are reviewed to provide predictions of price efficiency (i.e., profit maximization and cost minimization behavior), and technical efficiency. The study makes several contributions to the literature. First, it examines the effect of ownership form on both price and technical efficiency. Second, it separately examines the effect of regulatory form on both price and technical efficiency. The model enables us to analyze the separate effects of ownership and regulatory form across a heterogeneous sample of firms. We also analyze the effects of risk in the form of two separate regulatory variables and the effect of market share on economic efficiency.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00153707
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  • 7
    Electronic Resource
    Electronic Resource
    An examination of the economic efficiency of class I railroads: A profit function analysis (1988)
    Springer
    Review of industrial organization 3 (1988), S. 93-117 
    Details
    ISSN: 1573-7160
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper uses a system of translog profit and input demand equations to analyze price and technical efficiency in Class I railroads for the period 1978–1983. The results indicate that railroads are neither profit maximizers nor cost minimizers, that capital expenditures increase technical efficiency, and that deregulation led to greater economic efficiency. The average length of haul is negatively related to economic efficiency; track miles are negatively related to economic efficiency, market share positively affects economic efficiency; and, the ratio of freight to total revenue positively affects economic efficiency.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF02284685
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  • 8
    Electronic Resource
    Electronic Resource
    Impact of regulation on vertical integration in the electric industry (1984)
    Springer
    Review of industrial organization 1 (1984), S. 216-231 
    Details
    ISSN: 1573-7160
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The purpose of this paper is to determine the factors which affect electric utilities’ dicisions about whether to vertically integrate into coal. Specifically, we attempt to determine whether variation in the stringency of regulation will affect the probability of vertically integrating. Public Service Commissions allow, to one degree or another, utilities to pass along fuel adjustment charges to customers. Other factors equal, we hypothesize that the larger the fuel adjustment charge allowed per KWH, and the less stringent the PSC’s regulaton of transfer pricing of fuel, the higher will be the probability of vertically integrating into coal to capture rents. A maximum likelihood logit model is specified and estimated; strong support is offered for the theory.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF02457065
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  • 9
    Electronic Resource
    Electronic Resource
    Determinants of regulatory policies toward competition in the electric utility industry (1984)
    Springer
    Public choice 43 (1984), S. 173-186 
    Details
    ISSN: 1573-7101
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary Statistical results from this study generally support the Stigler-Peltzman theory of regulation. The only finding not consistent with Peltzman's formulation of the theory is that electd officials are more likely to favor procompetitive policies than appointed officials. Peltzman has argued this should be an unimportant factor. For public policy purposes, however, it seems that any movement toward elected regulatory commissions would tend to foster pro-competitive policies, at least in the short run. Data reveal that an increase in realized monopoly power of the utility increases the probability of hostile PSE policies toward competition. An increase in average value added in manufacturing and a decrease in the state's per capita income increased the probability of favorable PSC policies toward competition. Also, the more powerful are natural gas interests, the more hostile are commission policies toward competition. These empirical findings refute the hypothesis that regulatory policy is somehow an exogenous variable which results from ad hoc political and administractive factors. Instead, it appears that regulatory policy is a direct result of economic factors.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00140831
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    Paper (German National Licenses)
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