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Does divestiture crowd out new investment? The “make or buy” decision in the U.S. electricity generation industry

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  • Jun Ishii
  • Jingming Yan

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  • Jun Ishii & Jingming Yan, 2007. "Does divestiture crowd out new investment? The “make or buy” decision in the U.S. electricity generation industry," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 185-213, March.
    • Handle: RePEc:bla:randje:v:38:y:2007:i:1:p:185-213
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    File URL: http://hdl.handle.net/10.1111/j.1756-2171.2007.tb00051.x
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    References listed on IDEAS

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    1. Gourieroux, Christian & Monfort, Alain & Trognon, Alain, 1984. "Pseudo Maximum Likelihood Methods: Theory," Econometrica, Econometric Society, vol. 52(3), pages 681-700, May.
    2. Tauchen, George, 1985. "Diagnostic testing and evaluation of maximum likelihood models," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 415-443.
    3. Timothy Besley & Stephen Coate, 2003. "Elected Versus Appointed Regulators: Theory and Evidence," Journal of the European Economic Association, MIT Press, vol. 1(5), pages 1176-1206, September.
    4. Vallen, Marc A. & Bullinger, Christopher D., 1999. "The Due Diligence Process for Acquiring and Building Power Plants," The Electricity Journal, Elsevier, vol. 12(8), pages 28-37, October.
    5. White,Halbert, 1996. "Estimation, Inference and Specification Analysis," Cambridge Books, Cambridge University Press, number 9780521574464, January.
    6. Bresnahan, Timothy F & Reiss, Peter C, 1991. "Entry and Competition in Concentrated Markets," Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 977-1009, October.
    7. Steven L. Puller, 2007. "Pricing and Firm Conduct in California's Deregulated Electricity Market," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 75-87, February.
    8. Jun Ishii, 2006. "From Investor-owned Utility to Independent Power Producer," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 65-90.
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    Cited by:

    1. Richard A. Michelfelder, 2015. "Electric utility regulation and investment in green energy resources," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 5(1-2), pages 48-64, April.
    2. Villeneuve, Bertrand & Zhang, Vanessa Yanhua, 2008. "A Case for Affirmative Action in Competition Policy," MPRA Paper 9700, University Library of Munich, Germany.
    3. Weigt, H. & Willems, Bert, 2011. "The Effect of Divestitures in the German Electricity Market," Discussion Paper 2011-034, Tilburg University, Center for Economic Research.
    4. Gultom, Yohanna M.L., 2019. "Governance structures and efficiency in the U.S. electricity sector after the market restructuring and deregulation," Energy Policy, Elsevier, vol. 129(C), pages 1008-1019.

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