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Does divestiture crowd out new investment? The “make or buy” decision in the U.S. electricity generation industry

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  • Jun Ishii
  • Jingming Yan

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  • Jun Ishii & Jingming Yan, 2007. "Does divestiture crowd out new investment? The “make or buy” decision in the U.S. electricity generation industry," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 185-213, March.
    • Handle: RePEc:bla:randje:v:38:y:2007:i:1:p:185-213
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    File URL: http://hdl.handle.net/10.1111/j.1756-2171.2007.tb00051.x
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    References listed on IDEAS

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    1. Gourieroux, Christian & Monfort, Alain & Trognon, Alain, 1984. "Pseudo Maximum Likelihood Methods: Theory," Econometrica, Econometric Society, vol. 52(3), pages 681-700, May.
    2. Vallen, Marc A. & Bullinger, Christopher D., 1999. "The Due Diligence Process for Acquiring and Building Power Plants," The Electricity Journal, Elsevier, vol. 12(8), pages 28-37, October.
    3. White,Halbert, 1996. "Estimation, Inference and Specification Analysis," Cambridge Books, Cambridge University Press, number 9780521574464.
    4. Bresnahan, Timothy F & Reiss, Peter C, 1991. "Entry and Competition in Concentrated Markets," Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 977-1009, October.
    5. Timothy Besley & Stephen Coate, 2003. "Elected Versus Appointed Regulators: Theory and Evidence," Journal of the European Economic Association, MIT Press, vol. 1(5), pages 1176-1206, September.
    6. Tauchen, George, 1985. "Diagnostic testing and evaluation of maximum likelihood models," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 415-443.
    7. Steven L. Puller, 2007. "Pricing and Firm Conduct in California's Deregulated Electricity Market," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 75-87, February.
    8. Jun Ishii, 2006. "From Investor-owned Utility to Independent Power Producer," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 65-90.
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    Cited by:

    1. Villeneuve, Bertrand & Zhang, Vanessa Yanhua, 2008. "A Case for Affirmative Action in Competition Policy," MPRA Paper 9700, University Library of Munich, Germany.
    2. Weigt, H. & Willems, Bert, 2011. "The Effect of Divestitures in the German Electricity Market," Other publications TiSEM 7bbea5b0-7489-416f-8767-d, Tilburg University, School of Economics and Management.
    3. Richard A. Michelfelder, 2015. "Electric utility regulation and investment in green energy resources," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 5(1-2), pages 48-64, April.
    4. Gultom, Yohanna M.L., 2019. "Governance structures and efficiency in the U.S. electricity sector after the market restructuring and deregulation," Energy Policy, Elsevier, vol. 129(C), pages 1008-1019.

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