The impact of regulation on input substitution and operating cost.: An article from: Southern Economic Journal

This digital document is an article from Southern Economic Journal, published by Southern Economic Association on July 1, 1998. The length of the article is 8306 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The effect of rate-of-return regulation on input substitutability and operating cost was undertaken using data on 20 interstate natural gas pipelines covering the period 1977-87 and the Morishima elasticities of substitution (MES) as a measure. Results show that the MES was lower between two rate based inputs and when a non-rate-base input was made the alternative to a rate base input. On the other hand, the MES was higher when the alternative was the rate base input as against the non rate base input. Operating cost was found to increase by 16% with regulation.

Citation Details
Title: The impact of regulation on input substitution and operating cost.
Author: Gerald Granderson
Publication:Southern Economic Journal (Refereed)
Date: July 1, 1998
Publisher: Southern Economic Association
Volume: v65 Issue: n1 Page: p83(15)

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