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This paper examines the relative importance of horizontal market structure, auction design, and vertical arrangements in explaining electricity prices. We define vertical arrangements as either vertical integration or long term contracts whereby retail prices are determined prior to wholesale...
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Causes and consequences of deregulation and restructuring in utility markets in US states continue to draw heated … formulate predictions about regulators’ net benefits from a particular form of deregulation. Empirical hazard model evaluates … are significant in explaining the pattern of deregulation. Utilities’ prices, capacity and scope of operations help …
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competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
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