Market Power in Deregulated Wholesale El
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Seth Blumsack; Dmitri Perekhodtsev; Lester B. Lave
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Article
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2002
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Elsevier Science
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English
⚖ 421 KB
An analysis of three recently deregulated marketsРCalifornia, PJM, and New YorkЮnds that none of them can be regarded as highly competitive, contrary to what conventional measures of market power indicate. Auctions for generation are unlikely to be competitive and costly steps will be needed to mi