Structural Changes in the U.S. Electric Utility Industry and the Scarcity Rent of Coal
Journal of Applied Economics
Previous studies show that environmental regulations have caused significant decline in productivity and increases in the cost of electricity generation for the US coal-fired electric utilities. No analysis, thus far, measures the effect of such productivity decline on the scarcity rent of coal in-use. This paper shows that due to environmental regulations the basic cost structure of the coal-fired electric utilities have undergone a structural change resulting in increases in the scarcity rent of coal in-use.
Ghosh S., and D.L. Snyder. Structural Changes in the U.S. Electric Utility Industry and the Scarcity Rent of Coal. Journal of Applied Economics 23(January 1991):57-63.