CESifo DICE Report 2/2006

نویسنده

  • FRANK A. WOLAK
چکیده

The past two decades of international experience with wholesale electricity markets has demonstrated that significant consumer harm can result from firms simply engaging in unilateral profit-maximizing behavior given the actions of their competitors. Different from other product markets, coordinated actions among suppliers or the concentration of production capacity in the hands of a small number of firms is unnecessary for some suppliers to be able to raise prices substantially above competitive levels for sustained periods of time.

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تاریخ انتشار 2006