This article reviews both the theoretical and empirical literatures on regulatory capture. The
scope is broad, but utility regulation is emphasized. I begin by describing the Stigler …

Estimating the benefits of policies that improve the reliability of the electricity grid is
challenging. This paper critically examines the Value of Lost Load (VoLL) literature and …

Economic evaluations of alternative electric generating technologies typically rely on
comparisons between their expected “levelized cost” per MWh supplied. I demonstrate that …

New estimates show that just eight men own the same wealth as the poorest half of the
world. As growth benefits the richest, the rest of society–especially the poorest–suffers. The …

Over the last thirty years several network industries that evolved historically as either state-
owned or private regulated vertically integrated monopolies have been privatized …

Electricity tariffs typically charge residential users a volumetric rate that covers the bulk of
energy, transmission, and distribution costs. The resulting prices, charged per unit of …

Several methods can be employed to evaluate investment in energy production. On one
hand, traditional methods (Net Present Value (NPV) or Internal Rate of Return (IRR), for …

This paper examines the experience with economic regulation of traditional taxicab markets
and the effects of newly emerging dynamic rideshare services on the taxicab industry. The …

Whoever wants to come to a good and sound conclusion must not make up his mind before
paying attention to all arguments, or (as the say goes)“bring the verdict to Senate from …

In a transition to 100% renewable energy, public regulation has to deal with, among other
issues, price efficiency, security of supply, and the transition from sector based fossil fuel …