论文信息 - Estimating Effective Concentration in Deregulated Wholesale Electricity Markets

Estimating Effective Concentration in Deregulated Wholesale Electricity Markets

To inform debates about deregulation of wholesale markets for electricity, we estimate effective concentration in those markets in the contiguous United States in 1978. Our estimates are based on simulated oligopolistic equilibria, the characteristics of which are derived from a new and comprehensive data base. We find, among other things, that effective concentration is highly dependent on the adequacy of transmission capacity in each area, about which usable data are unavailable, and on the behavior of the existing public enterprises in this industry. Policy implications of our findings are discussed.

Richard Schmalensee | R. Schmalensee | B. W. Golub | Bennett W. Golub

[1] Deregulating the Generation of Electricity Through the Creation of Spot Markets for Bulk Power , 1984 .

[2] R. Weiner,et al. Markets for Power: An Analysis of Electric Utility Deregulation , 1985 .

[3] B. Hobbs,et al. Electric-utility deregulation: estimated price and welfare consequences , 1983 .

[4] Alan O. Sykes,et al. Herfindahl Concentration, Rivalry, and Mergers , 1982 .

[5] Ralph M. Bradburd,et al. Organizational Costs, "Sticky Equilibria," and Critical Levels of Concentration , 1982 .

[6] J. D. Pace,et al. Introducing competition into the electric-utility industry: an economic appraisal , 1982 .

[7] The Short-run Residential Demand for Electricity , 1981 .

[8] Paul L. Joskow,et al. Siting Nuclear Power Plants , 1979 .

[9] R. Pindyck. The Structure of World Energy Demand , 1979 .

[10] Matthew S. Cohen. Efficiency and Competition in the Electric-Power Industry , 1979 .

[11] R. Willig,et al. Industry Performance Gradient Indexes , 1979 .

[12] N. Uri. A Spatial Equilibrium Analysis of Electrical Energy Pricing and Allocation , 1976 .

[13] W. Greene,et al. Economies of Scale in U.S. Electric Power Generation , 1976, Journal of Political Economy.

[14] Joseph Francois Daniel Crevier. Approximate transmission network models for use in analysis and design , 1973 .

[15] F. Scherer,et al. Industrial Market Structure and Economic Performance. , 1971 .