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Economic lessons from the market evolution of present US power markets

โœ Scribed by Sheble, G.B.; Ng, K.-H.

Book ID
114453060
Publisher
The Institution of Electrical Engineers
Year
2001
Tongue
English
Weight
491 KB
Volume
148
Category
Article
ISSN
1350-2360

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This paper summarizes some recent research pertaining to laboratory markets, and then discusses some of the implications of this research for applied economics and policy. Three results are discussed: (a) in one-sided markets where sellers' post-prices price-tracking response to demand shocks is ver