This paper reviews recent studies on the links between competition, innovation and
productivity growth in the long run. From a long-run perspective, one can see that gains from …

The electricity market has since 1980s been gradually evolving from a monopoly market into
a liberalized one for encouraging competition and improving efficiency. This brings the …

My original purpose in writing this book was to collect and present the basic economics and
engineering used to design power markets. My hope was to dispel myths and provide a …

This paper discusses the lessons learned from electricity sector liberalization over the last
20 years. The attributes of reform models that have exhibited good performance attributes …

We present a method for decomposing wholesale electricity payments into production costs,
inframarginal competitive rents, and payments resulting from the exercise of market power …

The trend towards competition in the electricity sector has led to efforts by the research
community to develop decision and analysis support models adapted to the new market …

Most US consumers are charged a near-constant retail price for electricity, despite
substantial hourly variation in the wholesale market price. This paper evaluates the first …

Spot power prices are volatile and since electricity cannot be economically stored, familiar
arbitrage‐based methods are not applicable for pricing power derivative contracts. This …

This article presents an empirical study of market power in the British electricity industry.
Estimates of price-cost markups are derived using direct measures of marginal cost and …

Two Cournot models of imperfect competition among electricity producers are formulated as
mixed linear complementarity problems (LCPs), and a simple example is presented to …