-deregulation industry performance. Consistent with this hypothesis, I find that post-deregulation mergers serve a contractionary role …. Bidders and targets in post-deregulation mergers are poor performers prior to the merger and operate with significant excess … capacity. Consistent with the hypothesis that post-deregulation mergers represent a form of exit, the frequency of cash and …

Deregulation in the electric power industry has been aimed at promoting competition and thereby enhancing the industry …'s efficiency. We use the auction data of public power procurements to study the impact of the reform on the retail power market in … two or more providers bid at an auction. …

/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …