Electricity

Benefits Of Restructuring The Electric Industry In The Us

Michael Giberson Has Restructuring Improved Operating Efficiency at US Electricity Generating Plants?, a working paper by Kira Markiewicz, Nancy Rose, and Catherine Wolfram posted by the University of California Energy Institute, answers the title’s question in the affirmative: This research provides some of the first estimates of the impact of electricity generation sector restructuring in …

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Network Reliability As A Differentiated Product

Lynne Kiesling A question related to the public good nature of network reliability is whether the fact that something has public good characteristics necessarily implies that it should be provided to all at a uniform level. Again, not necessarily. Imposing a uniform reliability standard to deal with the public good features of networks does disservice …

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Network Reliability As A Public Good, And What To Do About It

The ideas that have captured my attention recently (such as government funding of culture) have a central theme: the extent to which something is a public good, and what those public good characteristics imply for public policy. If a good (or service) has public good characteristics, does that fact necessarily imply that its provision should …

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