the capital costs of reactor construction the time taken to build the reactor the interest ... more the capital costs of reactor construction the time taken to build the reactor the interest rates associated with project financing the reactor's efficiency and performance the costs of adequate liability insurance relating to accidents and terrorist acts the required rate of return on ...
Amajor PREMISE underlying public util-ity regulation is that competition is an ineffective regula... more Amajor PREMISE underlying public util-ity regulation is that competition is an ineffective regulator in the supply of utility services. Thus, in markets in which competition is deemed impractical, regulation is substituted for market forces to determine both levels and ...
Markets for Power provides an unusually complete analysis of the economic, technical, and institu... more Markets for Power provides an unusually complete analysis of the economic, technical, and institutional aspects of the electric utility industry. The authors evaluate four currently popular options for deregulating this unique segment of the economy, and in a balanced program for reform, they advise against total deregulation and recommend a cautious approach to even partial deregulation.
The rapid spread of nuclear reactors, uranium enrichment facilities, and reprocessing plants outs... more The rapid spread of nuclear reactors, uranium enrichment facilities, and reprocessing plants outside of the nuclear weapons club--to countries such as Brazil, South Korea, and the Union of South Africa--has caused concern resulting in a suggestion that the technology transfer be banned until more acceptable safeguards are adopted. Several reasons why this approach to the proliferation problem is unlikely to be successful are discussed. First, the U.S. no longer possesses a monopoly over reactor technologies or fuel cycle processes. In fact, in the area of reprocessing and breeder reactor development the U.S. lags behind other industrialized countries. Second, the nature of the nuclear industries in most of these countries makes it highly unlikely that they would go along with such an embargo; rather, they would be likely to exploit the opportunity for additional nuclear sales to the fullest. Third, such a policy would run the risk of wrecking the existing NPT which guarantees countries nondiscriminatory access to nuclear technology for peaceful purposes. These facts have led some in the domestic nuclear power establishment to conclude that the current realities of the international nuclear energy industry not only rule out the possibility of an effective unilateral U.S. embargo policy but mandatemore » the cessation of nuclear trade. The author presents his views against this argument. He says that trade in nuclear facilities can be effectively regulated through cooperative agreements and international institutional arrangements. Recent agreements to regulate such trade, signed by six key countries, is a step in the right direction. (MCW)« less
the capital costs of reactor construction the time taken to build the reactor the interest ... more the capital costs of reactor construction the time taken to build the reactor the interest rates associated with project financing the reactor's efficiency and performance the costs of adequate liability insurance relating to accidents and terrorist acts the required rate of return on ...
Amajor PREMISE underlying public util-ity regulation is that competition is an ineffective regula... more Amajor PREMISE underlying public util-ity regulation is that competition is an ineffective regulator in the supply of utility services. Thus, in markets in which competition is deemed impractical, regulation is substituted for market forces to determine both levels and ...
Markets for Power provides an unusually complete analysis of the economic, technical, and institu... more Markets for Power provides an unusually complete analysis of the economic, technical, and institutional aspects of the electric utility industry. The authors evaluate four currently popular options for deregulating this unique segment of the economy, and in a balanced program for reform, they advise against total deregulation and recommend a cautious approach to even partial deregulation.
The rapid spread of nuclear reactors, uranium enrichment facilities, and reprocessing plants outs... more The rapid spread of nuclear reactors, uranium enrichment facilities, and reprocessing plants outside of the nuclear weapons club--to countries such as Brazil, South Korea, and the Union of South Africa--has caused concern resulting in a suggestion that the technology transfer be banned until more acceptable safeguards are adopted. Several reasons why this approach to the proliferation problem is unlikely to be successful are discussed. First, the U.S. no longer possesses a monopoly over reactor technologies or fuel cycle processes. In fact, in the area of reprocessing and breeder reactor development the U.S. lags behind other industrialized countries. Second, the nature of the nuclear industries in most of these countries makes it highly unlikely that they would go along with such an embargo; rather, they would be likely to exploit the opportunity for additional nuclear sales to the fullest. Third, such a policy would run the risk of wrecking the existing NPT which guarantees countries nondiscriminatory access to nuclear technology for peaceful purposes. These facts have led some in the domestic nuclear power establishment to conclude that the current realities of the international nuclear energy industry not only rule out the possibility of an effective unilateral U.S. embargo policy but mandatemore » the cessation of nuclear trade. The author presents his views against this argument. He says that trade in nuclear facilities can be effectively regulated through cooperative agreements and international institutional arrangements. Recent agreements to regulate such trade, signed by six key countries, is a step in the right direction. (MCW)« less
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Papers by Paul Joskow