Borenstein, Severin; Bushnell, James - Institute of Business and Economic Research (IBER), … - 2000
We discuss the lessons that can be gleaned from the experience with electricity restructuring to date. The gains from … as likely that restructuring will not benefit society in the short run. We argue that electricity is especially …, restructuring in electricity markets is not now, and is unlikely to be, synonymous with deregulation. …