SM Law - International Journal of Economics and Finance, 2014 - researchgate.net
This paper expands upon the observation of Paul Joskow (2005) that exploration of the Averch-Johnson-Wellisz (AJW) effect over the previous fifteen years had been a waste of …
SM Law - ACEA Papers and Proceedings, 2008 - economics.acadiau.ca
The purpose of this paper is to present the theoretical and empirical support for the Averch- Johnson-Wellisz (AJW) effect in network utilities under rate-of-return (ROR) regulation, or …
G Halkos, N Tzeremes - 2011 - mpra.ub.uni-muenchen.de
This paper applies a probabilistic approach in order to develop conditional and unconditional Data Envelopment Analysis (DEA) models for the measurement of sectors' …
Day to Day, and Wait, Wait... Don't Tell Me!®, NPR also represents more than 800 full- service public radio stations, which are themselves significant producers of local, regional …
The rate-of-return constraint has been cited as one of the primary reasons regulation fails to encourage economic efficiency since Averch and Johnson authored their seminal article …