Reiss and White.

• Position: Economists - Brief Article

Reiss and White develop a model of household demand for electricity and use it to assess the consequences of restructuring the electric industry in California. Using data for a representative sample of California households, they also derive measures of the willingness of consumers to pay. Reiss and White then evaluate the effects on household welfare of various price changes expected under California's 1996 electric utility restructuring law. The authors estimate that current implementation proposals would...