We are grateful for helpful comments from Lucas Davis, Paul Gertler, Erin Mansur, Steve Tadelis, Matt White, Frank Wolak, three anonymous referees and the Editor, and from seminar participants at U.C. Berkeley, the U.C. Energy Institute, the University of Michigan, and NBER. Special thanks to Koof Kalkstein for sharing his extensive knowledge of the natural gas markets with us. We are grateful to the OpenLink Fund within U.C. Berkeley's Coleman Fung Risk Management Research Center and to the Energy Institute at the Haas School of Business for financial support.
Career Concerns, Inaction and Market Inefficiency: Evidence From Utility Regulation†
Article first published online: 18 JUN 2012
© 2012 Blackwell Publishing Ltd and the Editorial Board of The Journal of Industrial Economics
The Journal of Industrial Economics
Volume 60, Issue 2, pages 220–248, June 2012
How to Cite
Borenstein, S., Busse, M. R. and Kellogg, R. (2012), Career Concerns, Inaction and Market Inefficiency: Evidence From Utility Regulation. The Journal of Industrial Economics, 60: 220–248. doi: 10.1111/j.1467-6451.2012.00478.x
- Issue published online: 18 JUN 2012
- Article first published online: 18 JUN 2012
- U.C. Berkeley's Coleman Fung Risk Management Research Center
- Energy Institute at the Haas School of Business
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