Boston College The Graduate School of Arts and Sciences Department of Economics

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" Boston College The Graduate School of Arts and Sciences Department of Economics "

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	149722
Doc. No	:	ET21514
Main Entry	:	METIN CELEBI
Title Proper	:	Boston College The Graduate School of Arts and Sciences Department of Economics
Note	:	This document is digital این مدرک بصورت الکترونیکی می باشد
Abstract	:	This thesis is composed of two essays that analyze the incentives and optimal regula-tion of a monopolist line owner in providing capacity and reliability. Similar analyses inthe economic literature resulted in under-investment by an unre-dated line owner whenline reliability was treated as an exogenous variable- However, reliability should be cho-sen on the basis of economic principles as well, taking into account not only engineeringprinciples but also the preferences of electricity users.When reliability is treated as a choice variable, both over- and under-investment bythe line owner becomes possible. The result depends on the cross-cost elasticity of lineconstruction and on the interval in which the optimal choices of capacicy take place. Wepresent some sufficient conditions that leads to definite results about the incentives ofthe line owner.We also characterize the optima1 regulation of the line owner under incomplete infor-mation. Our analysis shows that the existence of a line is justsed For the social plannerwhen the reliability of other lines on the network is not too high,tested for theQ1 PC1 bus cardBoth these projects mere sofixare des elopment efforts tonards contributing to dlfferentaspects of Roboucs and lZ1echatronics projects m the Controls and Roboucs Group..
Subject	:	Electericl tess
	:	برق
electronic file name	:	TL44686.pdf
Title and statement of responsibility and	:	Boston College The Graduate School of Arts and Sciences Department of Economics [Thesis]