Le Coq, Chloé (contributor) - 2004 - [Elektronische Ressource], First draft: May 2003, This draft: February 2004
It has been argued that having a contract market before the spot market enhances competition (Allaz and Vila, 1993). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to contract markets reduces the market power of generators....