experiences in four sectors: telecommunications, water and sanitation, financial services, and electricity. A horizontal …

Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity … wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control …

Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase … implications of production inefficiencies attributed to market power in the Pennsylvania, New Jersey, and Maryland electricity … market. Air pollution fell substantially during 1999, the year in which both electricity restructuring and new environmental …

We study price convergence between the two major markets for wholesale electricity in California from their … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity … prices in California -- the Power Exchange's day-ahead price and the Independent System Operator's real-time price …

We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This … all markets exhibit some degree of market power. We find that the levels of hydroelectric production and the elasticity of … equilibrium prices than the proposed divestitures of California's largest producers. These results indicate that policies …

experiences in four sectors - telecommunications, water and sanitation, financial services, and electricity. The unique multi …

residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to …

-time pricing" for electricity and increase price elasticity of demand. This paper simulates the effects of this increased demand … elasticity using counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The … electricity prices in peak hours, contrary to predictions from short run models, while decreasing Capacity Market prices and total …