TY - JOUR
T1 - The effectiveness of electric utility price regulation in the 1970s a stochastic dominance analysis
AU - Aharony, Joseph
AU - Falk, Haim
PY - 1982
Y1 - 1982
N2 - This paper examines whether electricity price regulation in the United States has been effective during the period January 1969 through December 1977. Because our analysis provides evidence suggesting that the price-setting system has been ineffective, we extended our study to examine the equability among regulated firms as well as the relationship between firms' asset size and return distributions. These latter examinations shed some light on the quality of the accounting information set, which serves as a major input to the price-setting process.
AB - This paper examines whether electricity price regulation in the United States has been effective during the period January 1969 through December 1977. Because our analysis provides evidence suggesting that the price-setting system has been ineffective, we extended our study to examine the equability among regulated firms as well as the relationship between firms' asset size and return distributions. These latter examinations shed some light on the quality of the accounting information set, which serves as a major input to the price-setting process.
UR - http://www.scopus.com/inward/record.url?scp=0042102801&partnerID=8YFLogxK
U2 - 10.1016/0278-4254(82)90006-0
DO - 10.1016/0278-4254(82)90006-0
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AN - SCOPUS:0042102801
SN - 0278-4254
VL - 1
SP - 59
EP - 77
JO - Journal of Accounting and Public Policy
JF - Journal of Accounting and Public Policy
IS - 1
ER -