The U.S. Acid Rain Program is one of the first, and by far the most extensive, applications of a market based approach to pollution control. From the beginning, there has been concern whether utilities would participate in allowance trading, and whether regulatory activity at the state level would further complicate utilities' decision to trade allowances. This paper finds that public utility c...

In the last two decades many major regulatory issues in Florida have been resolved by means of stipulated settlements between the utilities and interested parties, notably the Office of Public Counsel, instead of by the traditional method of hearings and litigation before the Public Services Commission. This paper investigates the extent, nature and effects of these stipulations in the electric...

This study explores how public utilities in Japan demonstrate the achievement of both growth and environmental conservation, by using financial performance impact data from publicly traded companies power, gas, transport, telecommunication, postal services before during COVID-19 pandemic. First, regression analyses confirm Environmental Kuznets Curve (EKC) hypothesis an inverted N-shaped curve ...

We analyze bargaining over the one-dimension characteristic of a public good among n impatient players when decisions require q favorable votes, q ≥ 2. Stationary subgame perfect equilibrium strategies are characterized for all games with deterministic protocol. We provide a monotonicity condition (satisfied by all singlepeak, strictly quasi-concave and concave utilities) that assures uniquenes...