Publications
Pacific Economics Group
Publications

Publications

Energy

  • Alternative Regulation


    • Mark Newton Lowry, Matt Makos, Gretchen Waschbusch, and Benjamin Cohen, “Alternative Regulation for Emerging Electric Company Challenges: 2023 Update,” Edison Electric Institute, February 2024.

    • Lowry, Mark Newton, David Hovde, Rebecca Kavan, and Matthew Makos.  “Impact of Multiyear Rate Plans on Power Distributor Productivity: Evidence from Alberta,” The Electricity Journal, Volume 36, Issue 5, June 2023.

    • Lowry, Mark Newton and David Hovde.  “Escalating Power Distributor O&M Revenue,” The Electricity Journal, Volume 34, Issue 6, July 2021.

    • Lowry, Mark Newton and Matthew Makos. “PBR and Climate Change,” Climate and Energy, Volume 37, Issue 12, July 2021.

    • Lowry, Mark Newton. “Four Common Myths About Performance-based Regulation,” Utility Dive, April 27, 2021.

    • Lowry, Mark Newton and Matthew Makos. “Revenue Decoupling at 40, Venerable PBR Tool Goes National,” Public Utilities Fortnightly, April 2021.

    • Lowry, Mark Newton, Matthew Makos, and Jeff Deason. "State Performance-Based Regulation Using Multiyear Rate Plans for U.S. Electric Utilities," Ed. Schwartz, Lisa C. 2017. LBNL-2001039.

    • Lowry, Mark Newton, and Tim Woolf. "Performance-Based Regulation in a High Distributed Energy Resources Future," Ed. Schwartz, Lisa C. Vol. FEUR Report No. 3. 2016. LBNL-1004130.

    • Lowry, Mark N. and Lullit Getachew. "Econometric TFP Targets, Incentive Regulation, and the Ontario Gas Distribution Industry," 2009. Review of Network Economics 8 (4): 325-345.

    • Lowry, Mark N. and Lullit Getachew. "Alternative Regulation, Benchmarking, and Efficient Diversification, " 2009. Dialogue: United States Association for Energy Economics, 17 (2):27-31.

    • Lowry, Mark N. and Lullit Getachew. "Price Control Regulation in North America: Role of Indexing and Benchmarking," 2009. The Electricity Journal, 22: 63-76.

    • Lowry, Mark N. , Lullit Getachew, David Hovde, Steve Fenrick. “AltReg Rate Designs Address Declining Average Gas Use.” 2008. Natural Gas & Electricity 24 (9): 13-18.

    • Fenrick, Steve, Lullit Getachew, and Mark N. Lowry. “Regulation of Gas Distributors with Declining Use Per Customer." 2006. Dialogue: United States Association for Energy Economics, 14 (2): 17-21.

    • Kaufmann, Larry, and Mark N. Lowry. “Alternative Regulation for North American Electric Utilities." 2006. The Electricity Journal 19 (5): 15-26.

    • Lowry, Mark N., Lullit Getachew and David Hovde. “Econometric Benchmarking of Cost Performance: The Case of U.S. Power Distributors.” 2005. The Energy Journal , 26 (3): 75-92.

    • Kaufmann, Lawrence and Mark N. Lowry. "Performance-Based Regulation Developments for Gas Utilities". Natural Gas and Electricity, April 2004.

    • Kaufmann, Lawrence and Mark N. Lowry. "Performance-Based Regulation and Energy Utility Business Strategy". Natural Gas and Electric Power Industries Analysis 2003. Houston: Financial Communications.

    • Kaufmann, Lawrence and Mark N. Lowry. "Performance-Based Regulation and Business Strategy". Natural Gas and Electricity, February 2003.

    • Kaufmann, Lawrence and Mark N. Lowry. "Price Cap Regulation for Power Distribution". Washington: Edison Electric Institute, 1998

    • Kaufmann, Lawrence and Mark N. Lowry. "Performance-Based Regulation of U.S. Electric Utilities: The State of the Art and Directions for Further Research". Palo Alto: Electric Power Research Institute, December 1995.

    • Kaufmann, Lawrence and Mark N. Lowry. "The Treatment of the Z Factors in Price Cap Plans". Applied Economic Letters 2, 1995.

    • Kaufmann, Lawrence and Mark N. Lowry. "A Price Cap Designers Handbook". Washington: Edison Electric Institute, 1995.



  • Other Regulation

    • Dubin, Jeffrey A and Peter Navarro. "Regulatory Climate and the Cost of Capital". Regulatory Reform and Public Utilities. M. Crew, ed. Lexington, Massachusetts: Lexington Books (1982): 141-66.

    • Lowry, Mark N. and Lullit Getachew. “The Economics and Regulation of Power Transmission and Distribution: The Developed World Case.” International Handbook on the Economics of Energy, 2009.

  • Benchmarking

    • Lowry, Mark N. and Lullit Getachew, 2009, "Statistical Benchmarking in Utility Regulation: Role, Standards and Methods", Energy Policy 37: 1323-1330.

    • Lowry, Mark N. and Lullit Getachew, 2009, "Price Control Regulation in North America: Role of Indexing and Benchmarking," The Electricity Journal, 22: 63-76.

    • Lowry, Mark N., Lullit Getachew and David Hovde. “Econometric Benchmarking of Cost Performance: The Case of U.S. Power Distributors.” 2005. The Energy Journal , 26 (3): 75-92.

  • Code of Conduct

    • Kaufmann, Lawrence and Mark N. Lowry. "The Cost Structure of Power Distribution with Implications for Public Policy". Washington: Edison Electric Institute, 1999.

    • Kaufmann, Lawrence and Mark N. Lowry. "Controlling for Cross-Subsidization in Electric Utility Regulation". Washington: Edison Electric Institute, 1998.

    • Kaufmann, Lawrence and Mark N. Lowry. "Branding Electric Utility Products: Analysis and Experience in Regulated Industries". Washington: Edison Electric Institute, 1997.

  • Rate Design

    • Lowry, Mark N. "Evaluating Alternative Measures of Credited Load Relief: Results from a Recent Study for New England Electric". Demand Side Management: Partnerships in Planning for the Next Decade, Palo Alto: Electric Power Research Institute, 1991.

  • Demand Analysis

    • Dubin, Jeffrey A. and Daniel L. McFadden. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption". Econometrica 52, 1984: 345-62. Reproduced in Stigum, B. ed. Econometrics and the Philosophy of Economics: Theory - Data Confrontation in Economics, Princeton University Press, 2002.

    • Dubin, Jeffrey A. "Consumer Durable Choice and the Demand for Electricity". New York-Amsterdam: North-Holland Publishing Company, 1985.

    • Dubin, Jeffrey A. "Block Switching in Demand Subject to Declining Block Rates. A new Approach". International Association of Energy Economists, Papers and Proceedings of the Eighth Annual North American Conference, May 1987:243-47.

    • Dubin, Jeffrey A. "A Nested Logit Model for Appliance Holdings in the Pacific Northwest". Marketing Science 5, 1986: 112-24.

    • Dubin, Jeffrey A., Allen K. Miedema and Ram V. Chandran. "Price Effects of Energy Efficient Technologies: A Study of Residential Demand for Heating and Cooling". Rand Journal of Economics 17 1986: 310-25.

    • Dubin, Jeffrey A., Allen K. Miedema and Ram V. Chandran. "Price Effects of Energy Efficient Technologies: A Study of Residential Demand for Heating and Cooling". Rand Journal of Economics 17 1986: 310-25.

    • Lowry, Mark N. and Lawrence Kaufmann. "Performance-Based Regulation for Energy Utilities". Energy Law Journal, Fall 2002.

    • Lowry, Mark N., Lawrence Kaufmann and Eric Ackerman. "Price Caps for Distribution Service: Do They Make Sense?". Edison Times, 1999.

    • Lowry, Mark N. and Lawrence Kaufmann. "Forecasting the Productivity Growth of Natural Gas Distributors". AGA Forecasting Review, Vol 5, March 1996.

    • Lowry, Mark N. and Herb Thompson. "TFP Trends of U.S. Electric Utilities, 1975-92". Proceedings of the Ninth NARUC Biennial Regulatory Information Conference, Columbus: National Regulatory Research Institute, 1994.

    • Lowry, Mark N. "Gas Supply Cost Incentive Plans for Local Distribution Companies". Proceedings of the Eight NARUC Biennial Regulatory Information Conference, Columbus: National Regulatory Research Institute, 1993.


Econometrics

  • Articles
    • Dubin, Jeffrey A. "Valuing Intangible Assets with a Nested Logit Market Share Model". Journal of Econometrics 2004-2005.

    • Dubin, Jeffrey A. "Empirical Studies in Applied Economics". Boston, Massachusetts: Kluwer Academic Publishers, 2001.

    • Dubin, Jeffrey A. "Studies in Consumer Demand-Econometric Methods Applied to Market Data". Boston, Massachusetts: Kluwer Academic Publishers, 1998 (first printing cloth), 2000 (second printing, paper).

    • Dubin, Jeffrey A. and Charles J. Cicchetti. "A Micro-Econometric Analysis of Risk-Aversion and the Decision to Self-Insure". Journal of Political Economy, 102 1994: 169-186.

    • Dubin, Jeffrey A. and R. Douglas Rivers. "Experimental Estimates of the Effects of Wage Subsidies". Journal of Econometrics 56, 1993: 219-242.

    • Dubin, Jeffrey A. and Langche Zeng. "The Heterogeneous Logit Model". California Institute of Technology, Social Science Working Paper No. 759, February 1991, revised August 1991.

    • Dubin, Jeffrey A. and Louis L. Wilde. "Welfare Economics for Tobit Models". California Institute of Technology, Social Science Working Paper No. 753, January 1991, revised August 1991

    • Dubin, Jeffrey A. and R. Douglas Rivers. "Selection Bias in Linear Regression, Logit and Probit Models". Sociological Methods and Research 18, 1989/1990. Reprinted in J. Fox and S. Long, eds. Modern Methods of Data Analysis. Newbury Park, California: Sage Publications, 1990: 359-91.

    • Dubin, Jeffrey A. and Geoffrey S. Rothwell. "Risk and Reactor Safety Systems Adoption". Journal of Econometrics 42, 1989: 202-17.

    • Dubin, Jeffrey A. and Steven E. Henson. "An Engineering/Econometric Analysis of Seasonal Energy Demand and Conservation in the Pacific Northwest". Journal of Business and Economic Statistics 6, 1988: 121-34. 

Environment

  • Articles
    • Dubin, Jeffrey A., Charles J. Cicchetti and Louis L. Wilde. "The Use and Misuse of Surveys in Econometric Analysis: Natural Resource Damage Assessment Under CERCLA". California Institute of Technology, Social Science Working Paper No. 768, July 1991. 

Petroleum

  • Articles
    • Lowry, Mark N. "Futures Prices and Hidden Stocks of Refined Oil Products". In O. Guvanen, W.C. Labys, and J.B. Lesourd, editors, International Commodity Market Models: Advances in Methodology and Applications, London: Chapman and Hall, 1991.

    • Lowry, Mark N. "Competitive Speculative Storage and the Cost of Petroleum Supply". The Energy Journal Vol 10(1), 1989.

    • Lowry, Mark N. "Modeling the Convenience Yield from Precautionary Storage: The Case of Distillate Fuel Oil". Energy Economics 10(4), 1988.

    • Lowry, Mark N. "A Competitive Model of Primary Sector Storage of Refined Oil Products". Resources and Energy 10(2), 1988.

    • Lowry, Mark N. Review of Oil Prices, Market Response, and Contingency Planning, George Horwich and David Leo Weimer. (Washington, American Enterprise Institute, 1984). Energy Journal 8(3), 1988.

    • Lowry, Mark N. and Bok Jae Lee. "Modeling the Convenience Yield from Precautionary Storage of Refined Oil Products". In John Rowse, ed. World Energy Markets: Coping with Instability, Calgary, AL: Friesen Printers, 1987.

    • Lowry, Mark N. Review of Energy, Foresight, and Strategy, Thomas Sargent ed. Baltimore: Resources for the Future, 1985. Energy Journal 6(4), 1986.

Agriculture

  • Articles
    • Lowry, Mark N. et al. "Theory of Pricing and Storage of Field Crops With an Application to Soybeans. University of Wisconsin - Madison College of Agricultural and Life Sciences Research Report no. R3421, 1988.

    • Lowry, Mark N. "Speculative Stocks and Working Stocks". Economic Letters 28, 1988.

    • Lowry, Mark N. et al. "Pricing and Storage of Field Crops: A Quarterly Model Applied to Soybeans". American Journal of Agricultural Economics 69 (4), November, 1987. 

Minerals & Metals

  • Articles
    • Lowry, Mark N. "Monopoly Power, Rigid Prices, and the Management of Inventories by Metals Producers". Materials and Society 12(1), 1988.

    • Lowry, Mark N. "Storage, Monopoly Power, and Sticky Prices". les Cahiers du CETAI no. 87.03 March 1987.

    • Lowry, Mark N. "Assessing Metals Demand in Less Developed Countries: Another Look at the Leapfrog Effect". Materials and Society 10(3), 1986.

    • Lowry, Mark N. "The Changing Role of the United States in World Mineral Trade". In W.R. Bush, editor, The Economics of Internationally Traded Minerals. (Littleton, CO: Society of Mining Engineers, 1986).

    • Lowry, Mark N. "Public vs. Private Management of Mineral Inventories: A Statement of the Issues". Earth and Mineral Sciences 53(3), Spring 1984

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