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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. …
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Pakistan's power sector underwent a substantial, if protracted, reform process. Beginning with an independent power producer program in 1994, the full unbundling of the national vertically integrated power and water utility, the Water and Power Development Authority, and the establishment of a...
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Electricity is the prime mover of a modern society. Per capita consumption of electricity is an indicator of a country's growth. This indicator depends on availability, quality and reliability of power and most particularly its overall cost. The cost of electricity governs its usage. Thus the...
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