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Antitrust and Trade Regulation
University of Michigan Law School
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- Antitrust enforcement (1)
- Antitrust exemptions (1)
- Collusion (1)
- Congress (1)
- Economic effects (1)
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- Electric power (1)
- Electricity (1)
- Filed-rate doctrine (1)
- Hurricane insurance (1)
- Hurricanes (1)
- Immunity (1)
- Industries (1)
- Insurance regulation (1)
- Judicial interpretation (1)
- Law reform (1)
- Market power (1)
- McCarran-Ferguson Act (1)
- Models (1)
- Oversight (1)
- Predictions (1)
- Prices (1)
- Rates (1)
- Regulation (1)
- Sherman Act (1)
- United States Supreme Court (1)
- Utilities (1)
- Utility rates (1)
Articles 1 - 2 of 2
Full-Text Articles in Law
Model-Based Pricing In Hurricane Insurance: A Case Study For Judicial Reform Of The Mccarran-Freguson Act, Benjamin Holland Able
Model-Based Pricing In Hurricane Insurance: A Case Study For Judicial Reform Of The Mccarran-Freguson Act, Benjamin Holland Able
University of Michigan Journal of Law Reform
The McCarran-Ferguson Act (MFA) exempts various aspects of state insurance operations from federal antitrust enforcement. This exemption is a source of longstanding controversy, due in part to its potentially harmful effect on consumers in product pricing. In hurricane insurance, there is a burgeoning debate concerning insurers' use of predictive computer models rather than shared loss data to set premiums for the industry. By using these models in hurricane-prone states, insurers have increased the price of hurricane insurance dramatically. Where these new prediction methods are used, MFA exemption may facilitate supracompetitive pricing in ways its architects could not have foreseen. This …
Market Power In Power Markets: The Filed-Rate Doctrine And Competition In Electricity, Sandeep Vaheesan
Market Power In Power Markets: The Filed-Rate Doctrine And Competition In Electricity, Sandeep Vaheesan
University of Michigan Journal of Law Reform
State and federal initiatives have opened the American electric power industry to competition over the past four decades. Although the process has not occurred uniformly across the country, wholesale electricity markets exist everywhere today. Independent power producers can construct generation facilities and sell their output to utilities and industrial customers through bilateral contracts. In many regions, centralized power markets now facilitate the sale of billions of dollars in electricity annually through auctions. Although market forces have replaced direct price regulation in electricity, antitrust enforcement has not expanded its role commensurately. A lack of competition has been a serious problem in …