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Peak-Load Pricing of a Bottleneck with Traffic Jam

✍ Scribed by Se-il Mun


Book ID
115637044
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
192 KB
Volume
46
Category
Article
ISSN
0094-1190

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This paper studies the exercise of market power in price-regulated electricity industries under peak-load pricing and merit order dispatching, but where investment decisions are taken by independent generating companies. Within this context, we show that producers can exercise market power by under-