Dynamic Behavior of Regulated Firms: Evidence from Nuclear Utility

M.J. McCabe and J.G. Hewlett

Working Papers from U.S. Department of Justice - Antitrust Division

Abstract: The behavior of nuclear plant operators is consistent with a model of dynamic cost minimization. Utilities compare the cost the cost of generating power from their own nuclear plants with the cost of obtaining "replacement power" form other sources and then optimaze the respective shares over time.

Keywords: REGULATION; ENERGY (search for similar items in EconPapers)
JEL-codes: L51 Q42 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:usjuat:96-03

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