Recovery of stranded costs is perhaps the most litigious issue encountering regulators in promoting competition in … United States and European utility industries. We build a dynamic model of Cournot competition which takes into account a … competition and stranded costs recovery are not necessarily incompatible. Mechanism design is the key element in welfare analysis …

In this paper we have developed a model which analyzes price competition in the deregulated Spanish electriciy market … settling stranded costs payments. We show that stranded costs recovery and efficient competition are not necessarily …

We analyze a number of unstudied aspects of retail electricity competition. We first explore the implications of load … homogeneous up to a scaling factor. In general, the combination of retail competition and load profiling does not yield the second … consumption, retail competition yields the Ramsey prices even when consumers can only partially respond to variations in real time …

recovery may have been impeded or prevented by the advent of competition in the industry. These costs represent expenditures …

important commodity. The purpose of this article is to explore the importance of competition policy in a transitioning … paper concludes with a number of recommendations for how competition policy can best promote a successful transition …