Kooperativer Bibliotheksverbund

UID:

Format: 1 online resource (976 p.) ; , cm.

ISBN: 9781784716295 (e-book)

Series Statement: International library of critical writings in economics

Content: This timely research review explores the main issues surrounding competition and regulation in electricity markets. The industry is experiencing irresistible forces for change driven by energy policy objectives; a reassessment of market regulation in the face of high energy prices and the response to consumer pressure to agree on what constitutes a fair price for energy. This research review identifies the key articles that underpin the debate across the industries supply chain (generation, supply and networks) and from a regulatory perspective (including market power and incentive regulation) followed by a consideration of the overall impact of liberalisation and future developments.

Note: The recommended readings are available in the print version, or may be available via the link to your library's holdings. , Recommended readings (Machine generated): F.P. Ramsey (1927), 'A Contribution to the Theory of Taxation', Economic Journal, 37 (145), March, 47-61 -- Harold Hotelling (1938), 'The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates', Econometrica, 6 (3), July, 242-69 -- R.H. Montgomery (1939), 'Government Ownership and Operation of the Electric Industry', Annals of the American Academy of Political and Social Science, 201, January, 43-9 -- James C. Bonbright (1941), 'Major Controversies as to the Criteria of Reasonable Public Utility Rates', American Economic Review, 30 (5), February, 379-89 -- Nancy Ruggles (1949-1950), 'Recent Developments in the Theory of Marginal Costs Pricing', Review of Economic Studies, 17 (2), 107-26 -- M. Boiteux (1960), 'Peak-Load Pricing', Journal of Business, 33 (2), April, 157-79 -- Harvey Averch and Leland L. Johnson (1962), 'Behavior of the Firm Under Regulatory Constraint', American Economic Review, 52 (5), December, 1052-69 -- George G. Stigler and Claire Friedland (1962), 'What Can Regulators Regulate? The Case of Electricity', Journal of Law and Economics, 5, October, 1-16 -- George J. Stigler (1971), 'The Theory of Economic Regulation', Bell Journal of Economics and Management Science, 2 (1), Spring, 3-21 -- Sam Peltzman (1976), 'Toward a More General Theory of Regulation', Journal of Law and Economics, 19 (2), August, 211-40 -- Harold Demsetz (1968), 'Why Regulate Utilities?', Journal of Law and Economics, 11 (1), April, 55-65 -- Leonard W. Weiss (1975), 'Antitrust in the Electric Power Industry', in Almarin Phillips (ed.), Promoting Competition in Regulated Markets, Chapter 5, Washington, DC: Brookings Institution Press, 135-73 -- Andrei Shleifer (1985), 'A Theory of Yardstick Competition', RAND Journal of Economics, 16 (3), Autumn, 319-27 -- Richard A. Posner (1971), 'Taxation by Regulation', Bell Journal of Economics and Management Science, 2 (1), Spring, 22-50 -- William Stanley Jevons (1885), 'The Coal Question in England', Science, 5 (108), February, 175-6 -- William J. Baumol (1982), 'Productivity Incentive Clauses and Rate Adjustment for Inflation', Public Utilities Fortnightly, 110, July, 11-18 -- Richard Schmalensee (1989), 'Good Regulatory Regimes', RAND Journal of Economics, 20 (3), Autumn, 417-36 -- David E.M. Sappington and Dennis L. Weisman (1994), 'Designing Superior Incentive Regulation: Modifying Plans to Preclude Recontracting and Promote Performance', Public Utilities Fortnightly, 132 (5), March, 27-32 -- Paul L. Joskow (2013), 'Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks', in Nancy L. Rose (ed.), Economic Regulation and Its Reform: What Have We Learned?, Chapter 5, Chicago, IL and London, UK: University of Chicago Press, 291-344. , Paul L. Joskow (1997), 'Restructuring, Competition and Regulatory Reform in the U.S. Electricity Sector', Journal of Economic Perspectives, 11 (3), Summer, 119-38 -- Peter Cramton and Steven Stoft (2005), 'A Capacity Market that Makes Sense', Electricity Journal, 18 (7), August/September, 43-54 -- Eric S. Schubert, David Hurlbut, Parviz Adib and Shmuel Oren (2006), 'The Texas Energy-Only Resource Adequacy Mechanism', Electricity Journal, 19 (10), December, 39-49 -- Richard Green and Nicholas Vasilakos (2010), 'Market Behaviour with Large Amounts of Intermittent Generation', Energy Policy, 38 (7), July, 3211-20 -- David M. Newbery (1995), 'Power Markets and Market Power', Energy Journal, 16 (3), 39-66 -- Severin Borenstein, James B. Bushnell and Frank A. Wolak (2002), 'Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market', American Economic Review, 92 (5), December, 1376-405 -- Richard Green (1999), 'The Electricity Contract Market in England and Wales', Journal of Industrial Economics, XLVII (1), March, 107-24 -- Paul L. Joskow and Edward Kahn (2002), 'A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market During Summer 2000', Energy Journal, 23 (4), 1-35 -- Severin Borenstein (2002), 'The Trouble with Electricity Markets: Understanding California's Restructuring Disaster', Journal of Economic Perspectives, 16 (1), Winter, 191-211 -- Andrew Sweeting (2007), 'Market Power in the England and Wales Wholesale Electricity Market 1995-2000', Economic Journal, 117 (520), April, 654-85 -- Richard Gilbert and David Newbery (2010), 'Electricity Merger Policy in the US and EU Electricity Generation', in François Lévêque and Howard Shelanski, Antitrust and Regulation in the EU and US: Legal and Economic Perspectives, Chapter 6, Cheltenham, UK and Northampton, MA: Edward Elgar Publishing Ltd, 160-81 -- Roger E. Bohn, Michael C. Caramanis and Fred C. Schweppe (1984), 'Optimal Pricing in Electrical Networks over Space and Time', RAND Journal of Economics, 15 (3), Autumn, 360-76 -- William W. Hogan (1992), 'Contract Networks for Electric Power Transmission', Journal of Regulatory Economics, 4 (3), September, 211-42 -- Hung-Po Chao and Stephen Peck (1995), 'A Market Mechanism for Electric Power Transmission', Journal of Regulatory Economics, 10 (1), July, 25-59 -- Paul Joskow and Jean Tirole (2005), 'Merchant Transmission Investment', Journal of Industrial Economics, LIII (2), June, 233-64 -- Stephen C. Littlechild and Carlos J. Skerk (2008), 'Transmission Expansion in Argentina 4: A Review of Performance', Energy Economics, 30 (4), July, 1462-90 -- Chris M. Wilson and Catherine Waddams Price (2010), 'Do Consumers Switch to the Best Supplier?', Oxford Economic Papers, 62 (4), October, 647-68 -- Stephen Littlechild (2008), 'Municipal Aggregation and Retail Competition in the Ohio Energy Sector', Journal of Regulatory Economics, 34 (2), October, 164-94 -- Paul L. Joskow (2008), 'Lessons Learned from Electricity Market Liberalization', Energy Journal, 29 (2), 9-42. , Christopher Hood (2010), 'Can We? Administrative Limits Revisited', Public Administration Review, 70 (4), July/August, 527-34 -- Michael G. Pollitt (2012), 'Lessons from the History of Independent System Operators in the Energy Sector', Energy Policy, 47, August, 32-48 -- L. Lynne Kiesling (2009), 'Organization Form and the Wires', in Deregulation, Innovation and Market Liberalization: Electricity Regulation in a Continually Evolving Environment, Chapter 5, London, UK and New York, NY: Routledge, 88-103, notes, references -- Ahmad Faruqui and Sanem Sergici (2010), 'Household Response to Dynamic Pricing of Electricity: A Survey of 15 Experiments', Journal of Regulatory Economics, 38 (2), October, 193-225.

Language: English

Subjects: Law

Keywords: Electronic books. ; Electronic books ; Electronic books

URL: https://www.elgaronline.com/view/Research_Reviews/9781783479771/9781783479771.xml

URL: Deutschlandweit zugänglich

URL: Deutschlandweit zugänglich

URL: FULL  ((Currently Only Available on Campus))