Colorado-Boulder, and HEC Montreal. All remaining errors are our own.
Bibliographic record
Abstract
Economists have long been interested in the implications of private versus public ownership for the provision of services and consumer prices. Empirically, the challenge is to disentangle the effect of ownership from other determinants of prices. In this paper, we use detailed data on retail electricity in the United States to identify the effect of private versus public ownership on prices. Our data include information on thousands of markets, which allow us to control for observed differences in demand and cost conditions. At typical consumption levels, we find that differences between public and private rates were negligible. This suggests the gains from changing ownership type were small in 1935. However, as new technology reduced minimum efficient scale and incentivized private entry into smaller markets, we show that markets switched from public to private ownership. We interpret these findings as evidence for the benefits of maintaining organizational or contractual flexibility and increasing the prospect of passing gains from technological progress on to consumers.
Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.
How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.003 | 0.036 |
| Meta-epidemiology (narrow) | 0.002 | 0.001 |
| Meta-epidemiology (broad) | 0.002 | 0.001 |
| Bibliometrics | 0.006 | 0.011 |
| Science and technology studies | 0.003 | 0.001 |
| Scholarly communication | 0.005 | 0.002 |
| Open science | 0.004 | 0.002 |
| Research integrity | 0.001 | 0.002 |
| Insufficient payload (model declined to judge) | 0.434 | 0.216 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; the direct Gemma label and the distilled Codex classifier agree on what is shown here.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".