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- W2050576036 abstract "The authors test quasi-optimal pricing rules for rate-of-return regulation for a sample of electric utilities. They estimate the regulated cost function and demand equations by class of customer for the sample to yield the cost and demand parameters required to assess the utility rate structures. The results indicate that the price structure of electricity by class of customer is not quasi-optimal and that welfare improvement might be possible under alternative prices. Searching for the price structure which satisfies the criteria, they find that commercial users rates have been too high relative to residential and, to a lesser extent, industrial rates. They note that commercial uses tend to be less organized and more poorly represented in the rate-making process. 16 references, 8 tables." @default.
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- W2050576036 date "1985-01-01" @default.
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- W2050576036 title "Pricing Efficiency under Rate-of-Return Regulation: Some Empirical Evidence for the Electric Utility Industry" @default.
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- W2050576036 doi "https://doi.org/10.2307/1057879" @default.
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