Implications of ownership, regulation and market structure for performance: evidence from the U.S. electric utility industry before and after the new deal

Article Abstract:

An analysis of the effects of ownership, regulation and market structure on electricity prices before and after the new deal reveals that variations in all three between 1930 and 1942 resulted in 6%-10% lower prices. The study also reveals discrepancies in prices due to the nature of ownership with private firms charging higher rates. The study reveals new debates on whether regulated private monopolies could best replace the electric utilities system in the US.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Analysis, Management, Industry regulations, Monopolies, Government regulation of business, Trade regulation

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Differential environmental regulation: effects on electric utility capital turnover and emissions

Article Abstract:

Claims that privately-owned electric utilities' capital turnover rate can be lowered by differential regulations and sulfur dioxide emissions increased are examined. Some 44 electric utilities which operated during 1969-83 are surveyed. Emissions would have risen 34.6% without regulations, emissions are not statistically affected by growth in the age of capital, and the age of capital was raised through regulation by 24.6% on average, or 3.29 years.

Finance, Environmental aspects, Public utilities

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Price changes, maintenance, and the rate of depreciation

Article Abstract:

Empirical results showing that the yearly average rate of depreciation for single- and twin-engine planes dropped between 1971-1975 and 1980-1991 is compatible with the theory that hikes in the prices of new and used assets cut the rate of depreciation. Furthermore, it was established that needed maintenance expenses are favorably and substantially related to the appraised rate of deterioration.

Capital Management-Depreciation, Research, Depreciation

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