Sueyoshi, Toshiyuki; Goto, Mika; Shang, Jennifer - In: Energy Policy 37 (2009) 11, pp. 4583-4594
Many economists such as Wilson (2002) [Wilson, R., 2002. Architecture of power market, Econometrica, 70, 1299-1340] have considered that there are similarities between electricity and gas services in the US electric utility industry. Hence, they expect a synergy effect between them. However, the...