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A number of modeling attempts to analyze the implications of increasing competition in the electric power industry … producers, were not considered. More recently in the course of the policy debate over increasing competition, a number of models … interpret altemative scenarios or other means of increasing competition in the electric power industry in the terms of existing …
Persistent link: https://www.econbiz.de/10009435970
The only way resources can be efficiently allocated in our market system is if prices of resources, goods, and services properly reflect their true value to society. However, because of (a) imperfections in the pricing mechanisms that currently influence private-sector decision making; (b) the...
Persistent link: https://www.econbiz.de/10009436739
A number of modeling attempts to analyze the implications of increasing competition in the electric power industry … producers, were not considered. More recently in the course of the policy debate over increasing competition, a number of models … interpret altemative scenarios or other means of increasing competition in the electric power industry in the terms of existing …
Persistent link: https://www.econbiz.de/10009436991
of steam-coal trade of several deviations from the simple competitive model. In addition to perfect competition, we …
Persistent link: https://www.econbiz.de/10009437106
A computer model was developed at Oak Ridge National Laboratory to analyze the electricity production, costs, and prices for two geographical regions for a single year. Bulk-power trading is allowed between the two regions and market clearing prices are determined based on marginal costs. The...
Persistent link: https://www.econbiz.de/10009437282
have the lowest price possible. In the long run, competition promotes innovation and lower costs. The physical and …
Persistent link: https://www.econbiz.de/10009437344