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.
KeywordsCost-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
- Borenstein, S., and S. Holland. 2005. On the efficiency of competitive electricity markets with time-invariant retail prices. RAND Journal of Economics 36: 469–493.Google Scholar
- Bushnell, J., E. Mansur, and C. Saravia. 2005. Vertical arrangements, market structure, and competition: An analysis of restructured US electricity markets. CSEM working paper WP-126. Berkeley: University of California Energy Institute.Google Scholar
- Fabrizio, K., N. Rose, and C. Wolfram. 2004. Does competition reduce costs? Assessing the impact of regulatory restructuring on US electric generation efficiency. CSEM working paper WP-135. Berkeley: University of California Energy Institute.Google Scholar
- Hortascu, A., and S. Puller. 2004. Understanding strategic bidding in restructured electricity markets: A case study of ERCOT. Working paper. Chicago: University of Chicago. Online. Available at http://econweb.tamu.edu/puller/AcadDocs/Hortacsu_Puller.pdf. Accessed 20 July 2005.
- Joskow, P. 2005. The difficult transition to competitive electricity markets in the US. In Electricity restructuring: Choices and challenges, ed. J. Griffen and S. Puller. Chicago: University of Chicago Press.Google Scholar
- Joskow, P., and J. Tirole. 2004. Retail electricity competition. CMI working paper 44. Cambridge, MA: MIT.Google Scholar
- Waddams, C. 2004. Spoilt for choice? The costs and benefits of opening UK residential energy markets. Working paper 04–1. Norwich: Centre for Competition and Regulation, University of East Anglia.Google Scholar
© Macmillan Publishers Ltd. 2018