Principal-agent Incentives, Excess Caution, and Market Inefficiency: Evidence From Utility Regulation
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- Lucas W. Davis & Erich Muehlegger, 2010.
"Do Americans consume too little natural gas? An empirical test of marginal cost pricing,"
RAND Journal of Economics, RAND Corporation, vol. 41(4), pages 791-810, December.
- Lucas W. Davis & Erich Muehlegger, 2010. "Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing," NBER Working Papers 15885, National Bureau of Economic Research, Inc.
- Klaus Kultti & Yi Zheng, 2022. "Market Inefficiency, Entry Order and Coordination," SN Operations Research Forum, Springer, vol. 3(3), pages 1-22, September.
- Severin Borenstein & Lucas W. Davis, 2012.
"The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets,"
Journal of Law and Economics, University of Chicago Press, vol. 55(1), pages 75-128.
- Severin Borenstein & Lucas W. Davis, 2010. "The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets," NBER Working Papers 16653, National Bureau of Economic Research, Inc.
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More about this item
JEL classification:
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2008-01-05 (Energy Economics)
- NEP-REG-2008-01-05 (Regulation)
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