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Davies, S. W. 1 Price, Catherine Waddams 1 Wilson, Chris M. 1
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ESRC Centre for Competition Policy Working Paper Series (CCP Working Paper 1
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How Far Does Economic Theory Explain Competitive Nonlinear Pricing in Practice?
Davies, S. W.; Price, Catherine Waddams; Wilson, Chris M. - 2009
Liberalisation of the British electricity market, in which previously monopolised regional markets were exposed to large-scale entry, is used to test the propositions of several recent theoretical papers on oligopolistic nonlinear pricing. Consistent with those theories, each oligopolist offered...
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