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 …

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long …

" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are …In an unregulated electricity generation market, the degree to which generators in" different locations compete with … one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission …

role of an active market for corporate control and of competition in banking integration. European listed banks … profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks …

Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …

competition among large countries (US/EU) to negotiate preferential arrangements with smaller countries or regions will lower …

Many jurisdictions around the world have deregulated utilities and opened retail markets to competition. However …, inertial decisionmaking can diminish consumer benefits of retail competition. Using household-level data from the Texas … residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to …

We study price convergence between the two major markets for wholesale electricity in California from their … deregulation in April 1998 through November 2000, nearly the end of trading in one market. We would expect profit … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This …-south transmission line, exacerbates the market power potential in northern California. While these results make deregulation of … generation less attractive than if there were no market power, they do not suggest that deregulation would be a mistake. Nearly …

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the …-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 …