Browne, Oliver; Poletti, Stephen; Young, David - In: New Zealand Economic Papers 46 (2012) 1, pp. 35-50
The recent Wolak report on the New Zealand electricity market found evidence of substantial market power. The report, an empirical one, was heavily criticised on several aspects of its methodology. We investigate market power in the New Zealand Electricity Market during 2006 and 2008 using an...