Liebman, Ariel; Zhou, Xun; Dong, Zhao Yang; James, Geoff - Energy Economics and Management Group, School of Economics - 2009
Existence of market power in electricity markets has been revealed by extensive studies, however, the understanding of how environmental policies, e.g. emission trading scheme, impacts on the change of market power of generation companies (GENCOs) is at the inchoate stage. This paper, targeted...