Defining electricity markets: an arbitrage cost approach

被引：9

作者：

Kleit, AN ^{[1
]}

机构：

[1] Penn State Univ, Dept Energy Environm & Mineral Econ, University Pk, PA 16802 USA

来源：

RESOURCE AND ENERGY ECONOMICS | 2001年 / 23卷 / 03期

关键词：

electricity; market definition; antitrust;

D O I：

10.1016/S0928-7655(01)00039-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Market definition is a crucial component of antitrust policy. There is, however, no universally accepted method of carrying out market definition. While several approaches have been presented in the literature, each has its share of drawbacks. This paper suggests that a modeling technique based upon the theory of arbitrage is well suited to answering this question. After the empirical approach is presented, it is used to calculate antitrust market definitions between electricity hubs in the American West. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：259 / 270

页数：12

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