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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 … investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …
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Electricity serves as a vital input to modern economies. Many critical infrastructures such transportation, telecommunications, banking, among others, depend on continuous supply of electricity to perform their functions. However, as modern economies continue to move towards digitalization and...
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