Title: THE IMPACT OF UTILITY DEREGULATION IN ARIZONA
Abstract: This analysis assesses Arizona’s short‐run price response to utility energy deregulation in the commercial and industrial sectors and the long‐term response to deregulated industrial utility prices. Using a standard utility industry approach, ordinary least squares regression confirms commercial/industrial utility prices remain inelastic and Arizona’s deregulation efforts have not effectively promoted short‐run price competition. Moreover, widening differences in utility rates could be a response to a stronger long‐run price elastic effect across states. The findings suggest states not aggressively deregulating utility price to narrow artificial comparative price advantages could be at a competitive disadvantage for interstate manufacturing investment. ( JEL Q41, Q48, Q40)
Publication Year: 2008
Publication Date: 2008-04-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 5
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