Download or read book The Impact of Rate of Return Regulation on Technological Innovation written by Mark W. Frank and published by Routledge. This book was released on 2017-05-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contends that various forms of regulation have costs as well as benefits and it examines the impact of government regulation on the innovativeness of ’monopolies’ - in this book meaning firms with the power to affect market price. The government regulation analyzed in this case is limited to rate-of-return regulation. Using theoretical models such as the Averch-Johnson model and a two-stage Nash equilibrium model, this volume examines whether regulated monopolies engage in more or less technological innovation than unregulated monopolies. Furthermore, if the unregulated (or less regulated) monopolies do engage in more research and development than regulated ones, it questions whether social welfare would be greater with the former. Using a case study of ten privately-owned electric utilities in the State of Texas, USA, it then tests out the general propositions brought forward by the theoretical modelling and finally makes its conclusions taking into consideration both theoretical and empirical findings.
Download or read book Economic Regulation and Technological Innovation a Cross national Literature Survey and Analysis written by Gellman Research Associates and published by . This book was released on 1974 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Survey of the literature on transportation, communications and electric utilities in the U.S., Canada, Britain, France, West Germany and Japan.
Download or read book Technological Change in Regulated Industries written by William M. Capron and published by Brookings Institution Press. This book was released on 1971 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conference report on the influence of price and profit regulation on technological change and Innovation in industry in the USA - comprises a record of discussion on the nature and effects of regulatory decisions and industrial policy implications, examines the impact on enterprises operating under monopoly conditions and covers the electric power industry, telecommunications, civil air transport and surface goods transport. References and statistical tables. Conference held in Washington 1969 feb.
Download or read book An Empirical Analysis of Electricity Regulation on Technical Change in Texas written by Mark W. Frank and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: To evaluate the impact of regulation on the innovativeness of firms, this study considers the unusual case of electric utilities in the state of Texas. In the current era of deregulation, the electric utility industry in Texas is unique because its regulation was relatively limited until 1975, after which time Texas legislators imposed rate-of-return regulation. Utilizing a trans log cost framework on annual data covering the years 1965 to 1985, this study is thus able to compare the rate of technological change both before and after the imposition of rate-of-return regulation. The findings indicate that before the implementation of rate-of-return regulation, costs decreased significantly because of technological progress. After the implementation, however, the findings indicate that costs increased significantly due to technological regress brought on by regulation.
Download or read book The Changing Economics of Medical Technology written by Institute of Medicine and published by National Academies Press. This book was released on 1991-02-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans praise medical technology for saving lives and improving health. Yet, new technology is often cited as a key factor in skyrocketing medical costs. This volume, second in the Medical Innovation at the Crossroads series, examines how economic incentives for innovation are changing and what that means for the future of health care. Up-to-date with a wide variety of examples and case studies, this book explores how payment, patent, and regulatory policiesâ€"as well as the involvement of numerous government agenciesâ€"affect the introduction and use of new pharmaceuticals, medical devices, and surgical procedures. The volume also includes detailed comparisons of policies and patterns of technological innovation in Western Europe and Japan. This fact-filled and practical book will be of interest to economists, policymakers, health administrators, health care practitioners, and the concerned public.
Download or read book Economic Innovations in Public Utility Regulation written by Michael A. Crew and published by Springer. This book was released on 1992-09-30 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Title IV of the Clean Air Act Amendments effectively transfers an environmental property right, the difference in unrestricted emissions and the yearly endowment, 3 from certain fIrms to the public domain. Phase I is to reduce annual SOz emissions of 261 large (100 MW or more) utility generating units with emissions greater than 2. 5 IbslmmBtu. The yearly endowment during Phase I is equal to 2. 51bslmmBtu times the 1985-1987 baseline energy usage. Phase I standards are required to be met by 1995, an exception being units that install certain control technologies. In this case, units may postpone compliance until 1997 and may receive bonus 4 allowances. Phase II begins in the year 2000 and applies to any utility units (25 MW or more) with emissions above 1. 2 Ibs/mmBtu. The endowment is 1. 2 Ibs/mmBtu times baseline fuel use (U. S. Environmental Protection Agency 1990). 5 Hahn and Noll (1982), Bohi and Burtraw (1992), Lock and Harkawik (1991), and Walther (1991) discuss interactions between traditional rate-of-return regula- tion and overlaying environmental regulations, particularly tradable emission allowances, in the electric utility industry. Lock and Harkawik (1991) and Niemeyer (1991) discuss utility planning in this regard. Bohi and Burtraw (1992) fmd that a utility's environmental investment incentives will vary depending on cost recovery rules and argue that symmetry in treatment of investments in allowances and control technology is necessary if the utility is to be provided with the incentive to minimize costs of compliance.
Download or read book Technological Change and the Environment written by Arnulf Grübler and published by Routledge. This book was released on 2010-09-30 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much is written in the popular literature about the current pace of technological change. But do we have enough scientific knowledge about the sources and management of innovation to properly inform policymaking in technology dependent domains such as energy and the environment? While it is agreed that technological change does not 'fall from heaven like autumn leaves,' the theory, data, and models are deficient. The specific mechanisms that govern the rate and direction of inventive activity, the drivers and scope for incremental improvements that occur during technology diffusion, and the spillover effects that cross-fertilize technological innovations remain poorly understood. In a work that will interest serious readers of history, policy, and economics, the editors and their distinguished contributors offer a unique, single volume overview of the theoretical and empirical work on technological change. Beginning with a survey of existing research, they provide analysis and case studies in contexts such as medicine, agriculture, and power generation, paying particular attention to what technological change means for efficiency, productivity, and reduced environmental impacts. The book includes a historical analysis of technological change, an examination of the overall direction of technological change, and general theories about the sources of change. The contributors empirically test hypotheses of induced innovation and theories of institutional innovation. They propose ways to model induced technological change and evaluate its impact, and they consider issues such as uncertainty in technology returns, technology crossover effects, and clustering. A copublication o Resources for the Future (RFF) and the International Institute for Applied Systems Analysis (IIASA).
Download or read book Report of the Task Force on Disclosure written by and published by . This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Human Resources and Demographics written by and published by . This book was released on 1980 with total page 1100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Government Regulation written by Wang Junhao and published by Routledge. This book was released on 2021-07-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation is a public policy approach closely related to calculations of the equilibrium of supply and demand and to cost-benefit analyses. Governments combine a variety of incentives and restrictions on behavior, including laws and regulations, in order to guide enterprises and smaller entities within the economy toward pursuing policies in the public interest. This book offers an in-depth and systematic review of the economic theory of regulation, with particular emphasis on the Chinese context. The basic concepts cover economic and social regulation, regulatory process, regulation under asymmetric information, and capture theory. Drawing on a broad range of cases from across the telecommunications, electric power, and water sectors since the founding of the People’s Republic of China in 1949, the author explores economic regulation in China with reference to natural monopoly, investment, price level and price structure, entry, and competition. In addition, he discusses theories of externalities and asymmetric information, which are analyzed in the light of China’s environmental and product quality regulation. The author argues that the Chinese government has deregulated its economy to a large extent in the past and proposes that the Chinese government will enforce more social regulation in the future. Students and scholars of government regulation, economics, and industrial organization will find this volume to be an essential guide.
Download or read book Official Program Plan for Support of Extramural Research written by National R & D Assessment Program (U.S.) and published by . This book was released on 1974 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Science Foundation Legislation 1975 written by United States. Congress. Senate. Labor and Public Welfare Committee and published by . This book was released on 1975 with total page 1384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Special Study on Economic Change Government regulation achieving social and economic balance December 8 1980 written by and published by . This book was released on 1980 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Swedish American Conference on Chemical Hazards in the Work Environment written by and published by . This book was released on 1980 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Science Foundation Legislation 1975 written by United States. Congress. Senate. Committee on Labor and Public Welfare. Special Subcommittee on the National Science Foundation and published by . This book was released on 1975 with total page 1380 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Regulation of Site Selection for Nuclear Power Plants written by Ernest D. Klema and published by Routledge. This book was released on 2016-03-17 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public regulation of site-selection for nuclear power plants is woven into the fabric of the distinctively-American experience in exercising government control over privately-owned public utilities. Originally published in 1977, the authors have identified the various dimensions of public concern with the selection of new nuclear power sites. This volume, divided into four parts, explores the complex issues at the heart of American nuclear power: Part I contains literature which describes the process of power-plant siting as conducted by the utilities; Part II contains studies and reports on the structure and process of public regulation; Part III describes local government, State, and other Federal agency regulation of siting; and finally, Part IV cites selected proposals and analyses of recommendations for regulatory reform. This is a valuable resource for any student interested in environmental studies and public policy reform.
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 1995 with total page 1220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
