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Journal of Regulatory Economics最新文献

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The impact of energy transition on distribution network costs and effectiveness of yardstick competition: an empirical analysis for the Netherlands 能源转型对配电网成本的影响和尺度竞争的有效性：荷兰的经验分析
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2024-03-04 DOI: 10.1007/s11149-024-09471-8
Floris van Montfoort, Peter T. Dijkstra, Machiel Mulder
{"title":"The impact of energy transition on distribution network costs and effectiveness of yardstick competition: an empirical analysis for the Netherlands","authors":"Floris van Montfoort, Peter T. Dijkstra, Machiel Mulder","doi":"10.1007/s11149-024-09471-8","DOIUrl":"https://doi.org/10.1007/s11149-024-09471-8","url":null,"abstract":"<p>We assess the impact of regional differences related to energy transition on average costs and allowed revenues for a panel of Dutch electricity distribution system operators (DSOs) subject to yardstick competition. Yardstick competition entails that the allowed revenues of DSOs are based on the average costs of the entire industry, which requires that these DSOs are comparable. This comparability requirement is challenged by the penetration of distributed generation and other distributed energy resources, which may cause regional differences among DSOs. Estimating an average-cost function for the entire population of Dutch DSOs for the period 2012–2020, we find that the installed capacity of solar PV, installed capacity of on-shore wind and number of public electric-vehicle charging points have a significant effect on unit costs of DSOs. If yardstick competition does not take these effects into account, the allowed revenues for some DSOs (having above-average shares of energy-transition variables) are too low, whereas allowed revenues for other DSOs (having below-average shares of energy-transition variables) are too high. We find that taking the impact into account can change the price caps of individual DSOs with a percentage up to around 20%.</p>","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"24 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2024-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140034058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Bayesian approach to monopoly regulation after 40 years 40 年后垄断监管的贝叶斯方法
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2024-01-22 DOI: 10.1007/s11149-023-09470-1
Ismail Saglam
{"title":"The Bayesian approach to monopoly regulation after 40 years","authors":"Ismail Saglam","doi":"10.1007/s11149-023-09470-1","DOIUrl":"https://doi.org/10.1007/s11149-023-09470-1","url":null,"abstract":"<p>This paper surveys the monopoly regulation literature with the Bayesian approach. The literature builds on Baron and Myerson’s seminal 1982 paper, entitled “Regulating a Monopolist with Unknown Costs.” After presenting their contributions to the regulation literature, the paper discusses the main criticisms of their model, relating to either informational or commitment assumptions about the Bayesian regulator. The paper also briefly reviews some non-Bayesian incentive schemes, price-cap regulation, and several extensions and applications of Baron and Myerson’s regulatory model to highlight the evolution and scope of the new economics of regulation after 40 years.</p>","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"6 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2024-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139557957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The heterogenous effects of a higher volume of regulation: evidence from more than 200k Spanish norms 较高监管量的异质效应：来自 20 多万西班牙规范的证据
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2024-01-11 DOI: 10.1007/s11149-023-09466-x
{"title":"The heterogenous effects of a higher volume of regulation: evidence from more than 200k Spanish norms","authors":"","doi":"10.1007/s11149-023-09466-x","DOIUrl":"https://doi.org/10.1007/s11149-023-09466-x","url":null,"abstract":"<h3>Abstract</h3> <p>We analyze the aggregate economic impacts, as well as the heterogeneous effects on the different types of enterprises, of the increasing volume of regulation observed in Spain between 1995 and 2000. Our novel database classifies more than 200,000 regulations adopted at the region level for 13 industries (sectors) of the Spanish economy. Exploiting this database, we are able to estimate the exposure to regulation of enterprises located in different Spanish regions. We find that an increase in the volume of regulations has an impact on economic activity, reducing employment. Entry of new firms in sectors-regions exposed to higher regulation is also lower. These effects are heterogeneous across firms, with negative effects concentrated in smaller and more recently established firms. This evidence emphasizes the importance of both the aggregate and distributional impact of the changing (increasing) volumes of regulation.</p>","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"55 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462574","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A simple way to integrate distributed storage into a wholesale electricity market 将分布式储能纳入电力批发市场的简单方法
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2023-12-30 DOI: 10.1007/s11149-023-09467-w
{"title":"A simple way to integrate distributed storage into a wholesale electricity market","authors":"","doi":"10.1007/s11149-023-09467-w","DOIUrl":"https://doi.org/10.1007/s11149-023-09467-w","url":null,"abstract":"<h3>Abstract</h3> <p>Current plans to decarbonize the electric supply system imply that the generation from wind and solar sources will grow substantially. This growth will increase the uncertainty of system operations due to the inherent variability of these renewable sources, and as a result, more reserve capacity will be required to provide the ramping (flexibility) needed for reliable operations. This paper assumes that all of the increased uncertainty comes from wind farms on the grid, and it shows how distributed storage managed locally by aggregators can provide the ramping needed without introducing a separate market for flexibility. This can be accomplished when the aggregators minimize the expected daily cost of the energy purchased from the grid for their customers by submitting optimal bids into the wholesale market with high and low price thresholds for discharging and charging the storage. This model is illustrated using a stochastic multi-period security constrained optimal power flow together with realistic data for a reduction of the network in the Northeast Power Coordinating Council region of the United States. The results show that the bidding strategy for distributed storage provides ramping to the grid just as effectively as storage managed by a system operator.</p>","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"24 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139068183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Effects of occupational license access on undocumented immigrants evidence from the California reform 职业许可证准入对无证移民的影响 加州改革的证据
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2023-12-12 DOI: 10.1007/s11149-023-09468-9
Bobby W. Chung
{"title":"Effects of occupational license access on undocumented immigrants evidence from the California reform","authors":"Bobby W. Chung","doi":"10.1007/s11149-023-09468-9","DOIUrl":"https://doi.org/10.1007/s11149-023-09468-9","url":null,"abstract":"<p>In 2014, California lifted its legal work status requirement for dozens of occupational licenses - a major obstacle for undocumented immigrants in the US to access professional jobs. This paper assesses this policy’s effects on the employment outcome of undocumented immigrants in the state . Analyzing likely undocumented immigrants in the American Community Survey, I find that the policy increased their employment, particularly in lower-education and blue-collar licensed occupations and for older and Hispanic workers. The effects were not driven by job switchers but by the unemployed transiting into employment. I also find that the law did not crowd out documented workers. </p>","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"12 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138632514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A hazard analysis of federal permitting under the national environmental policy act of 1970 根据1970年国家环境政策法案对联邦许可的危害分析
4区 经济学
Journal of Regulatory Economics Pub Date : 2023-10-20 DOI: 10.1007/s11149-023-09465-y
Michael Bennon, Daniel De La Hormaza, R. Richard Geddes
{"title":"A hazard analysis of federal permitting under the national environmental policy act of 1970","authors":"Michael Bennon, Daniel De La Hormaza, R. Richard Geddes","doi":"10.1007/s11149-023-09465-y","DOIUrl":"https://doi.org/10.1007/s11149-023-09465-y","url":null,"abstract":"Abstract The National Environmental Policy Act (NEPA) of 1970 requires federal agencies to assess the environmental impact of proposed federal actions. NEPA thus affects delivery of a wide range of infrastructure projects. NEPA requires the completion of an Environmental Impact Statement (EIS) for environmentally impactful federal actions. For infrastructure projects this can entail significant delays. A typical EIS now takes about four and one-half years and is over 600 pages long. Some EIS’s take over a decade to complete. We provide the first detailed analysis of project approval times under NEPA by examining 1269 EIS permitting processes. We analyze empirically the well-defined interval from Notice of Intent to file to Record of Decision (ROD). We use a Cox proportional hazard model to estimate the impact of several factors on EIS duration. Factors include permits featuring major construction, those including private investment, those for projects located in states with restrictive environmental laws, those using the federal permitting “dashboard,” and those publishing a Supplemental EIS prior to the ROD. We find that privately financed projects receive faster permitting, while projects involving major construction, those undertaken in restrictive states, and those utilizing the federal permitting dashboard, face slower permitting times. We also explore links between EIS page counts and permitting time. Greater EIS page counts are associated with longer permitting times. We conclude by examining EIS completion during economic stimulus programs such as the American Recovery and Reinvestment Act (ARRA), as well as the frequency of EIS completion by the federal government.","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"19 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135568184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Measuring regulatory errors from environmental policy uncertainty 从环境政策的不确定性衡量监管错误
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2023-08-28 DOI: 10.1007/s11149-023-09464-z
Ana Espínola‐Arredondo, Félix Muñoz-García, Dolores Garrido
{"title":"Measuring regulatory errors from environmental policy uncertainty","authors":"Ana Espínola‐Arredondo, Félix Muñoz-García, Dolores Garrido","doi":"10.1007/s11149-023-09464-z","DOIUrl":"https://doi.org/10.1007/s11149-023-09464-z","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"64 1","pages":"48 - 65"},"PeriodicalIF":1.1,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45193790","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Co-operative investment by downstream rivals: network sharing in telecom markets 下游竞争对手的合作投资:电信市场的网络共享
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2023-07-09 DOI: 10.1007/s11149-023-09462-1
Øystein Foros, Bjørn Hansen, T. Vergé
{"title":"Co-operative investment by downstream rivals: network sharing in telecom markets","authors":"Øystein Foros, Bjørn Hansen, T. Vergé","doi":"10.1007/s11149-023-09462-1","DOIUrl":"https://doi.org/10.1007/s11149-023-09462-1","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"64 1","pages":"34 - 47"},"PeriodicalIF":1.1,"publicationDate":"2023-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42940588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Compliance costs and productivity: an approach from working hours. 法规遵从性成本和生产效率：从工作时间入手。
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2023-06-04 DOI: 10.1007/s11149-023-09460-3
Masayuki Morikawa
{"title":"Compliance costs and productivity: an approach from working hours.","authors":"Masayuki Morikawa","doi":"10.1007/s11149-023-09460-3","DOIUrl":"10.1007/s11149-023-09460-3","url":null,"abstract":"<p><p>This study proposes a new approach of measuring compliance costs of rules and regulations by focusing on labor input, and estimates the compliance costs in Japan based on a survey of workers. According to the results, the working hours required to comply with rules and regulations account for more than 20% of total labor input. By industry, this cost is higher in the finance and insurance industry followed by the health and welfare industry, and by firm size, it is higher in large firms. If these costs were halved, overall economic productivity would increase by about 8%.</p>","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":" ","pages":"1-21"},"PeriodicalIF":1.1,"publicationDate":"2023-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10239538/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10045379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impact of renewable and non-renewable electricity generation on economic growth in India: an application of linear and nonlinear models 可再生和不可再生发电对印度经济增长的影响：线性和非线性模型的应用
IF 1.1 4区 经济学
Journal of Regulatory Economics Pub Date : 2023-06-01 DOI: 10.1007/s11149-023-09461-2
Mohd Arshad Ansari, Pushpam Kumar, Muhammed Ashiq Villanthenkodath
{"title":"Impact of renewable and non-renewable electricity generation on economic growth in India: an application of linear and nonlinear models","authors":"Mohd Arshad Ansari, Pushpam Kumar, Muhammed Ashiq Villanthenkodath","doi":"10.1007/s11149-023-09461-2","DOIUrl":"https://doi.org/10.1007/s11149-023-09461-2","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"63 1","pages":"138 - 158"},"PeriodicalIF":1.1,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44441958","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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