related to electricity supply interruptions in the Philippines. The analysis provides a fundamental landscape for …

The Philippines power sector underwent a substantial and largely complete reform process. Following a severe shortage …

This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … plants. On the other hand, we also find that transaction costs may have increased as a consequence of deregulation. …