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| Brennan, Timothy J.; Boyd, James. |
| This paper explores ways in which economic analysis can help resolve the stranded cost controversy that has arisen in debates over electricity market deregulation. "Stranded costs" are costs electric utilities will not recover as power markets move from protected monopolies to an open, competitive environment. The paper begins with a description of the stranded cost problem, its magnitude, and the prominent arguments for and against recovery. We then turn to an analysis of contracts in order to understand whether there is, or should be, a legal duty to compensate utility shareholders for unrecovered costs. The paper also argues that efficient approaches to electricity deregulation will rely on more than an analysis of contracts. In particular, the politics... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Stranded costs; Deregulation; Takings; Electric utilities; Contracts; Resource /Energy Economics and Policy; L43; L94; K12. |
| Ano: 1996 |
URL: http://purl.umn.edu/10688 |
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| Adelaja, Adesoji O.; Gottlieb, Paul D.. |
| “Substantial downzoning” is defined as the exercise of police power to significantly reduce the legally permitted density on undeveloped land in a community. This contentious practice is typically challenged by those who perceive the action to limit their market opportunities (e.g., farmers and developers), their sympathizers, and others who prefer the status quo. Supporters tend to be those who perceive positive benefits (e.g., environmentalists, conservationists, and homeowners) and those who see it as a supplement to other preservation techniques, based on concerns over such things as growing public costs of land acquisition, limited effectiveness of existing alternatives, or the perceived urgency to act to manage growth. Given the complexity of the... |
| Tipo: Journal Article |
Palavras-chave: Substantial downzoning; Takings; Land use; Growth management; Open space; Political economy; Institutional and Behavioral Economics; Political Economy. |
| Ano: 2009 |
URL: http://purl.umn.edu/55865 |
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