The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Electricity Markets

  • James Bushnell
  • Catherine Wolfram
Reference work entry


In many parts of the world buyers and sellers now trade electrical energy in liberalized markets. These markets have partially replaced cost-based regulation and government ownership.


Cost-based regulation Electricity industry Electricity markets Experimental economics Game theory Incentive regulation Investment Liberalization Market power Natural monopoly Oligopoly simulation analysis Privatization Real-Time pricing State-Owned utilities 

JEL Classifications

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • James Bushnell
    • 1
  • Catherine Wolfram
    • 1
  1. 1.