This paper presents an analysis and defense of competition in retail electricity supply. It includes some account of …. The development of this competition illustrates a number of the themes in Israel M. Kirzner’s writing – for example, the … nature of competition as a process over time, the entrepreneurial and learning nature of this process, the role of marketing …

closer look at the transfer-rule?s ecological impacts and competitive effects in the field of electricity generation. The …-rule causes windfall profits for incumbent generators and leads to a significant distortion of competition. This cannot be …

before they buy electricity in the wholesale market, we show that welfare is highest if competition in generation and …This paper studies how competition and vertical structure jointly determine generating capacities, retail prices, and … welfare in the electricity industry. Analyzing a model in which demand is uncertain and retailers must commit to retail prices …