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Market deregulation and nuclear safety*

* This paper is a replication of an original study

Author

Listed:
  • Lei, Zhen
  • Tsai, Chen-Hao

Abstract

Nuclear reactor initiating events, which are unplanned reactor emergency shutdowns, are a primary measure of reactor safety performance. We call attention to several methodological and data issues in the emerging research endeavor that uses nuclear initiating events to investigate the impacts of electricity market deregulation on nuclear reactors' safety performance. Correcting these issues we find that the effects of plant divestiture on nuclear safety are much smaller in magnitude and less significant. Moreover, we find that when examining data prior to 2008 or excluding years 2008 and 2009 from analysis, the effect of plant divestiture on reactor initiating events becomes robustly insignificant.

Suggested Citation

  • Lei, Zhen & Tsai, Chen-Hao, 2019. "Market deregulation and nuclear safety," Energy Economics, Elsevier, vol. 82(C), pages 62-67.
    • Handle: RePEc:eee:eneeco:v:82:y:2019:i:c:p:62-67
    DOI: 10.1016/j.eneco.2017.10.015
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    References listed on IDEAS

    as
    1. Catherine Hausman, 2014. "Corporate Incentives and Nuclear Safety," American Economic Journal: Economic Policy, American Economic Association, vol. 6(3), pages 178-206, August.
    2. Lucas W. Davis & Catherine Wolfram, 2012. "Deregulation, Consolidation, and Efficiency: Evidence from US Nuclear Power," American Economic Journal: Applied Economics, American Economic Association, vol. 4(4), pages 194-225, October.
    3. Zhen Lei & Chen-Hao Tsai & Andrew N. Kleit, 2017. "Deregulation and Investment in Generation Capacity: Evidence from Nuclear Power Uprates in the United States," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    4. Fan Zhang, 2007. "Does Electricity Restructuring Work? Evidence From The U.S. Nuclear Energy Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 55(3), pages 397-418, September.
    Full references (including those not matched with items on IDEAS)

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    Replication

    This item is a replication of:
  • Catherine Hausman, 2014. "Corporate Incentives and Nuclear Safety," American Economic Journal: Economic Policy, American Economic Association, vol. 6(3), pages 178-206, August.

    • More about this item

    Keywords

    Deregulation; Nuclear safety; Reactor initiating events;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

    Lists

    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. Market deregulation and nuclear safety (Energy Economics 2019) in ReplicationWiki

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