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BOOK EXCERPT:
What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.
Product Details :
Genre |
: Law |
Author |
: Scott Hempling |
Publisher |
: Edward Elgar Publishing |
Release |
: 2020-10-30 |
File |
: 576 Pages |
ISBN-13 |
: 9781839109461 |
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BOOK EXCERPT:
Reviews competitive impact of Office of Defense Mobilization rapid tax amortization certificate grants to allow electric utilities to write off taxes on power plant construction. Focuses on Idaho Power Co. Hells Canyon hydroelectric project.
Product Details :
Genre |
: Amortization deductions |
Author |
: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly |
Publisher |
: |
Release |
: 1957 |
File |
: 1324 Pages |
ISBN-13 |
: MINN:31951P00704023Y |
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BOOK EXCERPT:
Product Details :
Genre |
: Amortization deductions |
Author |
: United States. Congress. Senate. Committee on the Judiciary |
Publisher |
: |
Release |
: 1957 |
File |
: 1324 Pages |
ISBN-13 |
: LOC:00186820198 |
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BOOK EXCERPT:
Product Details :
Genre |
: Business & Economics |
Author |
: United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power |
Publisher |
: |
Release |
: 1996 |
File |
: 172 Pages |
ISBN-13 |
: UCR:31210014039349 |
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BOOK EXCERPT:
Product Details :
Genre |
: Telecommunication |
Author |
: United States. Federal Communications Commission |
Publisher |
: |
Release |
: 2003 |
File |
: 1050 Pages |
ISBN-13 |
: UOM:39015084940736 |
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BOOK EXCERPT:
Product Details :
Genre |
: Technology & Engineering |
Author |
: |
Publisher |
: |
Release |
: 1989 |
File |
: 280 Pages |
ISBN-13 |
: MSU:31293011322660 |
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BOOK EXCERPT:
Product Details :
Genre |
: Securities |
Author |
: United States. Securities and Exchange Commission |
Publisher |
: |
Release |
: 1991 |
File |
: 856 Pages |
ISBN-13 |
: UIUC:30112058759587 |
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BOOK EXCERPT:
Product Details :
Genre |
: Government publications |
Author |
: |
Publisher |
: |
Release |
: 1990 |
File |
: 1064 Pages |
ISBN-13 |
: OSU:32437000617007 |
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BOOK EXCERPT:
Product Details :
Genre |
: Government publications |
Author |
: |
Publisher |
: |
Release |
: 1987 |
File |
: 876 Pages |
ISBN-13 |
: CORNELL:31924062260926 |
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BOOK EXCERPT:
Volume 2 uses the economic and legal concepts/theories of Volume 1 to (1) analyze the U.S. and E.U. antitrust legality of mergers, joint ventures, and the pricing-technique and contractual/sales-policy distributor-control surrogates for vertical integration and (2) assess related positions of scholars and U.S. and E.U. antitrust officials. Its analysis of horizontal mergers (1) delineates non-market-oriented protocols for determining whether they manifest specific anticompetitive intent, would lessen competition, or are rendered lawful by the efficiencies they would generate, (2) criticizes the U.S. courts’ traditional market-share/market-concentration protocol, the HHI-oriented protocols of the 1992 U.S. DOJ/FTC Guidelines and the European Commission (EC) Guidelines, and the various non-market-oriented protocols the DOJ/FTC have increasingly been using, (3) argues that, although the 2010 U.S. Guidelines and DOJ/FTC officials discuss market definition as if it matters, those Guidelines actually reject market-oriented approaches, and (4) reviews the relevant U.S. and E.U. case-law. Its analysis of conglomerate mergers (1) shows that they can perform the same legitimate and competition-increasing functions as horizontal mergers and can yield illegitimate profits and lessen competition by increasing contrived oligopolistic pricing and retaliation barriers to investment, (2) analyzes the determinants of all these effects, and (3) assesses limit-price theory, the toe-hold-merger doctrine, and U.S. and E.U. case-law. Its analysis of vertical conduct (1) examines the legitimate functions of each type of such conduct, (2) delineates the conditions under which each manifests specific anticompetitive intent and/or lessens competition, and (3) assesses related U.S. and E.U. case-law and DOJ/FTC and EC positions. Its analysis of joint ventures (1) explains that they violate U.S. law only when they manifest specific anticompetitive intent while they violate E.U. law either for this reason or because they lessen competition, (2) discusses the meaning of an “ancillary restraint” and demonstrates that whether a joint-venture agreement would be illegal if it imposed no restraints and whether any restraints imposed are ancillary can be determined only through case-by-case analysis, (3) explains why scholars and officials overestimate the economic efficiency of R&D joint ventures, and (4) discusses related U.S. and E.U. case-law and DOJ/FTC and EC positions. The study’s Conclusion (1) reviews how its analyses justify its innovative conceptual systems and (2) compares U.S. and E.U. antitrust law as written and as applied.
Product Details :
Genre |
: Political Science |
Author |
: Richard S. Markovits |
Publisher |
: Springer Science & Business Media |
Release |
: 2014-05-22 |
File |
: 728 Pages |
ISBN-13 |
: 9783642243134 |