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- W2373606659 abstract "The Averch-Johnson Model means the overuse of regulated firms' capital,but the basic model and existing developments have neglected the characteristics of peak-load demand,and there are both positive and negative results in corresponding empirical testes.On the assumption that unit cost is not the same between unregulated and regulated firms,the paper has investigated the investing behavior of infrastructure industries with characteristics of peak-load demands,then supplied a standard of evaluating capital allocation efficiency.The basic conclusion is that,in the presence of peak-load demands,regulated firms do not always overuse capital,thus we can see clearly why there are inconsistent results in the empirical tests." @default.
- W2373606659 created "2016-06-24" @default.
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- W2373606659 date "2007-01-01" @default.
- W2373606659 modified "2023-09-26" @default.
- W2373606659 title "Peak-Load Demand,Capital Allocation Efficiency and Reform of China's Network-Infrastructure Industries' Investment System——A Development of the Averch-Johnson Model" @default.
- W2373606659 hasPublicationYear "2007" @default.
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