{
  "id": 870214,
  "title": "Regulated Markets Are Slow to Handle Change",
  "url": "https://urgent.news/2026/08/14/regulated-markets-are-slow-to-handle-change",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T11:20:34.000Z",
  "source": {
    "name": "Marginal Revolution",
    "slug": "marginal-revolution",
    "url": "https://marginalrevolution.com/marginalrevolution/2026/08/regulated-markets-are-slow-to-handle-change.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Gowrisankaran, Langer and Reguant have an excellent paper, Energy Transitions in Regulated Markets (WP), in the latest AER. The basic idea is that regulation designed to prevent utilities from building useless power plants can induce them to keep obsolete power plants. Some background. We regulated electric utilities under the theory that they were natural monopolies […] The post Regulated…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}