Nonmarket performance: Evidence from U.S. electric utilities Reportar como inadecuado

Nonmarket performance: Evidence from U.S. electric utilities - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.


Building on a framework that assesses the attractiveness of ‘political markets’ –where firms transact over public policies with government policy-makers – wedevelop hypotheses regarding the success or performance of firms’ nonmarketstrategies. We propose that the ability of firms to gain more favorable policyoutcomes is increasing in the degree of rivalry among elected politicians; thefirm’s recent experience with policy-makers; and the opportunity to learn fromother firms’ recent experiences; and is decreasing in the degree of rivalry fromcompeting interest groups and the resource base of regulatory agencies. Usingdata on regulatory filings for rate increases made by the population of U.S.privately-owned electric utilities over a 13 year period, we find empirical supportfor our arguments.

Item Type: MPRA Paper -

Original Title: Nonmarket performance: Evidence from U.S. electric utilities-

Language: English-

Keywords: Nonmarket strategy, lobbying, Electric utilities-

Subjects: L - Industrial Organization > L5 - Regulation and Industrial Policy > L51 - Economics of RegulationM - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business AdministrationL - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L94 - Electric Utilities-

Autor: Bonardi, Jean-Philippe


Documentos relacionados