The results also shows that over the sample period the industry is moving away from a downward sloping longrun cost curve toward a flat cost curve.;The second essay tests an expanded version of the Averch-Johnson model in an attempt to locate the source of overcapitalization in the U.S. ...
This contrasts with the periodic dividend cuts and omissions of the previous seven years and is a milestone in the ending of the era of nuclear imprudence disallowances. Dividend cuts and omissions, of course, have been the most visible aspects of the financial distress caused by large ...