主题Topic：Market Restructuring, Vertical Separation and Regional Production Efficiency: Evidence from the U.S. Power Industry （市场化改革，垂直分离和区域生产效率：来自美国电力市场的证据）
主讲人Speaker：褚印，助理教授，中南财经政法大学文澜学院
主持人Chair：帅杰，副教授，中南财经政法大学文澜学院
时间Time： 2015年11月6日（周五）2:00 pm-3:30 pm
地点Venue：南湖校区 文波楼204
主讲人简介：
褚印：中南财经政法大学文澜学院助理教授，2009年毕业于美国加州（University of California）大学，获得经济学硕士学位；2015年获美国田纳西大学(University of Tennessee)经济学博士学位.
研究方向：实证产业组织经济学，能源和环境经济学，应用微观经济学，管制经济学
Yin CHU: Assistant Professor, Wenlan School of Economics, Zhongnan University of Economics and Law. Professor Chu obtained his Master’s degree in Economics from University of California, Santa Barbara in 2010 and PhD degree in Economics from University of Tennessee, Knoxville in 2015.
Research Interests: Industrial Organization, Energy and Environmental Economics, Applied Microeconomics, Regulatory Economics
内容提要(Abstract)：
This study investigates the divestiture of transmission control from vertically-integrated power producers, aimed to maintain non-discriminatory access of the electricity network. I ask whether the vertical separation is sufficient to enhance how efficiently production is allocated among producers (i.e., regional production efficiency). Using a difference-in-difference strategy, I compare the treated region, Southwest Power Pool (SPP), with a control region, where no restructuring activities were implemented. Based on relatively noisy estimates of the coefficient of primary interest, I fail to find any significant gains in regional production efficiency. The empirical results are also robust to alternative specifications, including treatment dates, sizes of the event window, and control groups.
