✦ LIBER ✦

Limited Liability and Market Power

✍ Scribed by Teresa A. John; Lemma W. Senbet; Anant K. Sundaram; Peter A. Woodward

Publisher: Springer US
Year: 2005
Tongue: English
Weight: 586 KB
Volume: 25
Category: Article
ISSN: 0924-865X
DOI: 10.1007/s11156-005-4765-3

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## Abstract This paper develops a nonlinear, mathematical programming model for estimating production decisions in an open access, regional power market. Our approach allows one to estimate competitive power market equilibrium prices, which in turn offers empirical conclusions about marginal genera