Incumbent and entrat response to regulated competition: signaling with accounting costs and market prices

Article Abstract:

The paper reports on the behavior of the incumbent and entrants into the residential U.K. gas market where the regulator has investigated whether encumbent's prices discriminate against those of the entrants. The authors find that entrants' behavior provides support for the incumbent's cost allocation rather than those of the regulator.

United Kingdom, Natural Gas, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Market Research, Prices and rates, Pricing, Gas industry, Competitions

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Implementing and interpreting event studies of regulatory changes

Article Abstract:

What event studies can or cannot tell us about the effects of regulatory changes is the subject of the paper. However useful as a tool an event study is, there are problems in implementation and interpretation when such regulatory changes come about, so that caution must be exercised by those who carry out or read event studies.

United States, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Business Aid & Regulation NEC, Methods, Economic research, Business assistance

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Price discrimination, regulation and entry in the UK residential market

Article Abstract:

Price discrimination exists in the UK residential electricity market, according to payment methods by consumers. Markets for electricity are being deregulated in a number of countries, and policy implications of this research are thus important.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric services, Economic aspects, Prices

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