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The impact of restructuring and deregulation on gas rates

Title
The impact of restructuring and deregulation on gas rates
Authors
Hlasny V.
Ewha Authors
Vladimir Hlasny
SCOPUS Author ID
Vladimir Hlasnyscopus
Issue Date
2008
Journal Title
Journal of Regulatory Economics
ISSN
0922-680XJCR Link
Citation
vol. 34, no. 1, pp. 27 - 52
Indexed
SSCI; SCOPUS WOS scopus
Abstract
This article evaluates the impact of consumer choice programs, price caps, and sliding scale plans on consumer prices of gas using a custom survey of public service commissions and data from the Department of Energy. A seemingly unrelated regressions model estimates residential, commercial and industrial prices jointly, controlling for potentially endogenous demand. Consumer choice programs are estimated to lower residential and commercial prices significantly, by bringing competition to markets with smaller consumers. Prices fall even before deregulation as utilities build consumer loyalty and fight competition. Sliding scale plans are estimated to lower prices of small consumers while raising industrial prices. Price caps lead to overall higher prices, with unclear ranking across consumer classes. © 2007 Springer Science+Business Media, LLC.
DOI
10.1007/s11149-007-9048-6
Appears in Collections:
사회과학대학 > 경제학전공 > Journal papers
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