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Measuring Market Inef®ciencies in California’s Restructured Wholesale Electricity Market
Restructured Wholesale Electricity Market Measuring Market
2015/7/31
We present a method for decomposing wholesale electricity payments into production costs, inframarginal competitive rents, and payments resulting from the exercise of market power. Using data from Jun...
Economic Evidence in Antitrust: Defining Markets and Measuring Market Power
Economic Evidence Defining Markets Measuring Market Power
2015/7/15
Antitrust law, policy, and practice are the product of a long and fruitful interdisciplinary collaboration between law and economics. Our chapter addresses an important aspect of that collaboration: t...