𝔖 Bobbio Scriptorium
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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

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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