Technological complementarities, demand, and market power
β Scribed by Rajeev K. Goel
- Publisher
- Springer
- Year
- 2009
- Tongue
- English
- Weight
- 247 KB
- Volume
- 10
- Category
- Article
- ISSN
- 1385-9587
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respond to price-a demand-response mechanism can provide customers a way to react to high prices without interfering with the normal supply-side corrective market process, such as investment in additional capacity.
is vice president and general counsel of PSI Energy, a PIainfield, IN rlrctric utility.
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