IDEAS home Printed from https://ideas.repec.org/a/cje/issued/v18y1985i3p484-98.html
   My bibliography  Save this article

Public Utility Finance and Economic Waste

Author

Listed:
  • Glenn P. Jenkins

Abstract

This paper explores the ways in which the low-cost financing of publicly owned electric utilities in Canada has resulted in both income transfers and the creation of economic waste. Economic waste arising from the low financial cost of public funds is created through the effect that subsidized capital has on the choice of technology; through the direct and indirect export of electricity sold at prices below its cost; and through the effect that low electricity prices have by inducing Canadians to overconsume electricity. Expressions are developed that enable the estimation of the magnitudes of these various economic losses. The estimated losses are very large and amount to an annual loss of approximately one percent of Canada's GNP.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Glenn P. Jenkins, 1985. "Public Utility Finance and Economic Waste," Canadian Journal of Economics, Canadian Economics Association, vol. 18(3), pages 484-498, August.
    • Handle: RePEc:cje:issued:v:18:y:1985:i:3:p:484-98
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0008-4085%28198508%2918%3A3%3C484%3APUFAEW%3E2.0.CO%3B2-H
    Download Restriction: only available to JSTOR subscribers
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 8 (The Economic Opportunity Cost of Capital)," Development Discussion Papers 2011-08, JDI Executive Programs.
    2. Henry Lim & Glenn Jenkins, 2000. "Electricity Demand And Electricity Value," Development Discussion Papers 2000-01, JDI Executive Programs.
    3. Glenn Jenkins, 1991. "Tax Policy Issues In Emerging Market Economies," Development Discussion Papers 1991-07, JDI Executive Programs.
    4. Jean-Thomas Bernard & Simon Thivierge, 1988. "Les politiques fiscales et financieres des services d'electricite: Le cas d'Hydro-Quebec. (With English summary.)," Canadian Public Policy, University of Toronto Press, vol. 14(3), pages 239-244, September.
    5. Glenn Jenkins & HENRY LIM, 1998. "Evaluation Of Investments For The Expansion Of An Electricity Distribution System," Development Discussion Papers 1998-01, JDI Executive Programs.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cje:issued:v:18:y:1985:i:3:p:484-98. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Werner Antweiler (email available below). General contact details of provider: https://edirc.repec.org/data/ceaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.