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Power Structure

Ownership, Integration, and Competition in the U.S. Electricity Industry

  • Book
  • © 1996

Overview

Authors:
  1. John E. Kwoka

    1. George Washington University, Washington

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    Pages 1-12

  3. Public versus Private Ownership and Regulation of Electric Utilities

    Pages 13-35

  4. Economies of Scale, Vertical Integration, and the Role of Competition

    Pages 37-56

  5. Costs and Their Determinants

    Pages 57-83

  6. Price and Markup Behavior

    Pages 85-102

  7. Extensions to Simultaneous Equations and Customer Classes

    Pages 103-117

  8. The Political Economy of Ownership and Regulation

    Pages 119-137

  9. Conclusions

    Pages 139-146

  10. Back Matter

    Pages 147-196
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Keywords

About this book

Power Structure examines the effects on economic performance of several key features of the U.S. electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price.
These issues are important for a number of reasons. The U.S. electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the U.S. has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.

Reviews

` ... the discussion and analysis in this book has significantly expanded the understanding of cost and pricing performance of the U.S. electric utility industry, and has provided important insights into the main issues facing the industry here and abroad. I highly recommend this book to readers interested in the future of the industry.'
The Energy Journal

Authors and Affiliations

  • George Washington University, Washington

    John E. Kwoka

Bibliographic Information

  • Book Title: Power Structure

  • Book Subtitle: Ownership, Integration, and Competition in the U.S. Electricity Industry

  • Authors: John E. Kwoka

  • DOI: https://doi.org/10.1007/b102240

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1996

  • Hardcover ISBN: 978-0-7923-9843-1Published: 31 December 1996

  • Softcover ISBN: 978-94-017-3789-0Published: 03 October 2013

  • eBook ISBN: 978-0-585-22965-2Published: 28 August 2007

  • Edition Number: 1

  • Number of Pages: XII, 196

  • Topics: Industrial Organization, Energy Policy, Economics and Management, Electrical Engineering

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