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首页> 外文期刊>Journal of Economic Dynamics and Control >Water Allocation Under Distribution Losses: Comparing Alternative Institutions
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Water Allocation Under Distribution Losses: Comparing Alternative Institutions

机译:分配损失下的水分配:比较替代制度

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摘要

The distribution of water resources is characterized by increasing returns to scale. Distribution links water generation to its end-use. Standard economic analysis overlooks the interaction among these micro-markets - generation, distribution and end-use. We compare water allocation when there is market power in each micro-market. These outcomes are compared with benchmark cases - social planning and a competitive business-as-usual regime. Simulations suggest that institutions with market power in generation and end-use generate significantly higher welfare than the distribution monopoly and the competitive regime. However, if the policy goal is to maximize the size of the grid, a distribution monopoly is preferred.
机译:水资源分配的特点是规模收益增加。分配将水的产生与最终用途联系起来。标准的经济分析忽略了这些微观市场之间的相互作用,即产生,分配和最终使用。当每个微型市场都有市场支配力时,我们比较水的分配。将这些结果与基准案例(社会计划和竞争性的照常营业制度)进行比较。模拟表明,在发电和最终使用中具有市场支配力的机构所产生的福利要明显高于分配垄断和竞争体制。但是,如果政策目标是最大化网格的大小,则首选配电垄断。

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