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| Brennan, Timothy J.. |
| Restructuring the electricity market may secure efficiencies by moving away from cost-of-service regulation, with typically (but not necessarily) time-invariant prices, and allowing prices to reflect how costs change. Charging "real time" prices requires that electricity use be measured according to when one uses it. Arguments that such real-time metering should be a policy objective promoted by subsidizing meters or delaying restructuring until meters are installed, require more than these potential benefits. They require positive externalities to imply that too few meters would be installed through private transactions. Real-time metering presents no systematic externalities when utilities must serve peak period users, and may present negative... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Real-time metering; Electricity restructuring; Deregulation; Rationing; Externalities; Industrial Organization; D45; D62; L11; L94. |
| Ano: 2002 |
URL: http://purl.umn.edu/10718 |
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| Huffman, Sonya Kostova; Johnson, Stanley R.. |
| This study tests the theory of rationing, examining changes in household consumption behavior during the transition to a market economy in Poland, 198792. A model of consumption under rationing is developed and fitted to prereform quarterly data from the Polish Household Budget Survey. Virtual prices, prices at which consumers would have voluntarily chosen the rationed levels of goods, are derived for food and housing. The prereform Almost Ideal Demand System (AIDS) model with rationing is estimated. Estimates from the virtual AIDS yield plausible values for price and income elasticities. The AIDS model (without rationing) is also fitted to postreform quarterly household survey data for comparison and evaluation. When the two sets of results are compared,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: AIDS model; Hicksian; Poland; Rationing; Transition; Political Economy. |
| Ano: 2000 |
URL: http://purl.umn.edu/18613 |
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| Parry, Ian W.H.. |
| Health policy will be a major issue in Britain's next general election. The Labour government is committed to a substantial increase in funds for the National Health Service (NHS) and has eliminated tax relief for private health insurance. The Conservative Opposition party favors subsidizing private health insurance, though it has pledged to match the government's funding increases for the NHS. This paper develops and implements a methodology for estimating the welfare effects of increasing public and private health care in the United Kingdom, when these policies are financed either by distortionary taxes or by user fees for the NHS. User fees are currently minimal, and the national health market "clears" by creating waiting costs. In the private sector we... |
| Tipo: Working or Discussion Paper |
Palavras-chave: National Health Service; Private health care; Rationing; Subsidies; Welfare effects; Health Economics and Policy; I18; I11; H42. |
| Ano: 2001 |
URL: http://purl.umn.edu/10822 |
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