SOME EFFECTS OF OWNERSHIP ON THE WHOLESALE PRICES OF ELECTRIC POWER |
| |
| Authors: | LOUIS DE ALESSI |
| |
| Affiliation: | George Washington University and Center for Studies in Law and Economics, University of Miami Law School |
| |
| Abstract: | Differences in the property rights which distinguish government-owned and privately-owned, government-regulated business firms imply that government-owned electric utilities sell wholesale electric power at lower prices and buy it at higher prices than similarly-situated private firms. The hypotheses were tested using cross-section data. The results are generally favorable and suggest that the approach is fruitful. |
| |
| Keywords: | |
|
|
