The Electric Side of Combination Gas-Electric Utilities

Paul S. Brandon

Bell Journal of Economics, 1971, vol. 2, issue 2, 688-703

Abstract: This paper assesses the effects of combination gas-electric utilities on income redistribution and economic efficiency. It finds that such combinations appear to exercise greater market power than straight electric utilities. A series of regression equations shows that they earn higher rates of return than straight electric companies in spite of regulation. Promotional expenditures are strikingly lower, and consumption of electricity by customers is also lower. $70 to $80 million per year is estimated to be redistributed from combinations' customers to their owners. The economic loss from the monopoly power of combinations may be on the order of $300 million per year.

Date: 1971
References: Add references at CitEc
Citations:

Downloads: (external link)
http://links.jstor.org/sici?sici=0005-8556%2819712 ... O%3B2-Y&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:2:y:1971:i:autumn:p:688-703

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().