Corporate Incentives and Nuclear Safety
研究了美国电力市场重组后，核电站从受监管公用事业转向独立发电商，所有权变更和价格管制取消如何影响核安全，发现安全改善且发电量增加。
Following electricity market restructuring, approximately half of all commercial US nuclear power reactors were sold by price-regulated public utilities to independent power producers. At the time of the sales, some policymakers raised concerns that these corporations would ignore safety. Others claimed that the sales would bring improved reactor management, with positive effects on safety. Using data on various safety measures and a difference-in-differences estimation strategy, I find that safety improved following ownership transfers and the removal of price regulations. Generation increased, and this does not appear to have come at the cost of public safety.