TY  - JOUR
AB  - Re‐estimates the famous study by Stigler and Friedland (1962) that
examines the impact of regulation on the price of electricity. Employs
time‐series data in the analysis, in light of recent extensions of the
Stigler‐Peltzman theory of regulation. By modelling regulatory behaviour
as an endogenous variable in a simultaneous system the model suggests
that regulatory agencies are more likely to respond to the concerns of
the firms that are being regulated. The regulatory authorities use their
political power to regulate when the price of electricity (and hence,
producer profits) falls over time.
VL  - 22
IS  - 1
SN  - 0306-8293
DO  - 10.1108/03068299510075096
UR  - https://doi.org/10.1108/03068299510075096
AU  - Upadhyaya Kamal P.
AU  - Mixon Franklin G.
PY  - 1995
Y1  - 1995/01/01
TI  - Regulatory capture and the price of electricity: evidence from time
series estimates
T2  - International Journal of Social Economics
PB  - MCB UP Ltd
SP  - 16
EP  - 23
Y2  - 2024/05/07
ER  -