This timely research review explores the main issues surrounding competition and regulation in electricity markets. The … Electricity', Journal of Law and Economics, 5, October, 1-16 -- George J. Stigler (1971), 'The Theory of Economic Regulation … of Regulation', Journal of Law and Economics, 19 (2), August, 211-40 -- Harold Demsetz (1968), 'Why Regulate Utilities …

well as the limits, of open markets and competition are assessed at the level of underlying principles and with reference …

Competition increases firm productivity, but in network industries, effective competition requires the vertical … competition and losses from separation. We use the case of US electric industry restructuring to analyze the combined effect of … competition and vertical separation, as well as the individual effects. We analyze the difference-in-difference in inefficient …