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Working Paper

A Test of Two Views of the Regulatory Mechanism: Averch-Johnson and Joskow

A test of the Averch-Johnson and the Joskov models of the electric utility regulatory process.

Suggested Citation

Israilevich, Philip, and Kim J. Kowalewski. 1987. “A Test of Two Views of the Regulatory Mechanism: Averch-Johnson and Joskow.” Federal Reserve Bank of Cleveland, Working Paper No. 87-13.