The economic theory of regulation versus alternative theories for the electric utilities industry: A simultaneous probit model

被引：14
|
作者：
Upadhyaya, KP
Raymond, JE
Mixon, FG
机构：
[1] UNIV SO MISSISSIPPI,DEPT ECON & INT BUSINESS,HATTIESBURG,MS 39406
[2] SALISBURY STATE UNIV,DEPT ECON & FINANCE,SALISBURY,MD 21801
[3] AUBURN UNIV,DEPT MANAGEMENT,AUBURN,AL 36849
来源：
RESOURCE AND ENERGY ECONOMICS | 1997年 / 19卷 / 03期
关键词：
economic regulation; electric utilities; probit;
D O I：
10.1016/S0928-7655(96)00010-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates the effect of regulation on the price of electricity using a simultaneous equation system which is based on the modem theory of regulation. The estimated results show that the probability of the occurrence of regulation of utility prices by the regulatory body is positively related to utility prices. But, regulation remains ineffective in reducing the price of electricity. In all, the evidence presented here adds to, and supports, the body of knowledge regarding the theory of economic regulation. (C) 1997 Elsevier Science B.V.
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页码：191 / 202
页数：12
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