Cho, In-Koo; Kim, Hyunsook - In: Energy Policy 61 (2013) C, pp. 1046-1054
This paper calculates the welfare impact of a new entrant based on the location of entry in the Korean electricity market. We use two different models. One is the optimal fuel mix model to estimate the effect of a new entry in the long run. The other is the variable cost minimization model to...