Model
Digital Document
Publisher
Florida Atlantic University
Description
This thesis focuses on the "ideal effects'' of regulation
on public utilities. The effects are deduced by comparing
and interpreting conditions for maximization of various
models, with and without regulatory constraints. Three objective
functions are considered: welfare maximization, profit
maximization and sales maximization. Uniform load models
are the first to be considered and the effects of a rate-of-return
constraint are analyzed. Next peak load models are
introduced with the traditional welfare objective. Finally,
the effects of the imposition of a rate-of-return constraint
on various peak load models are analyzed.
on public utilities. The effects are deduced by comparing
and interpreting conditions for maximization of various
models, with and without regulatory constraints. Three objective
functions are considered: welfare maximization, profit
maximization and sales maximization. Uniform load models
are the first to be considered and the effects of a rate-of-return
constraint are analyzed. Next peak load models are
introduced with the traditional welfare objective. Finally,
the effects of the imposition of a rate-of-return constraint
on various peak load models are analyzed.
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