Electricity Prices and Elections in Québec
AbstractThis study examines the role of elections in determining electricity prices in Quebec. The legislation governing Hydro-Quebec is used to develop a model incorporating its stated policy objectives and the partisan interests of the governing party. Bayesian methods are used to incorporate available nonsample information to test the restrictions imposed by the strategic pricing hypothesis. The data provide broad but limited support for the null. Electricity prices appear to be consistent with the behavior of governments who wish to manipulate electricity prices for partisan gain and who also wish to avoid detection.
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Bibliographic InfoPaper provided by Université Laval - Département d'économique in its series Cahiers de recherche with number 9501.
Date of creation: 1995
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- Bernard, Jean-Thomas, 1999.
"Le marché québécois de l'électricité: rétrospective et voies de l'avenir,"
Cahiers de recherche
9912, Université Laval - Département d'économique.
- Bernard, Jean-Thomas, 1999. "Le marché québécois de l’électricité : rétrospective et voies de l’avenir," L'Actualité Economique, Société Canadienne de Science Economique, vol. 75(4), pages 673-694, dÃ©cembre.
- Goto, Mika & Karolyi, G. Andrew, 2004. "Understanding Electricity Price Volatility within and across Markets," Working Paper Series 2004-12, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- C. Robert Clark & Andrew Leach, 2007. "The Potential for Electricity Market Restructuring in Quebec," Canadian Public Policy, University of Toronto Press, vol. 33(1), pages 1-20, March.
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