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Regulation and the Leverage of Local Market Power in the California Electricity Market
Market Power Regulation
2015/7/31
Such generators possess ‘local’ monopoly power, and in deregulated settings have frequently
been able to extract significant rents from their advantageous locations within a power
system. Sinc...
Technology Choice and Capacity Portfolios under Emissions Regulation
Pollution and Pollutants Governing Rules Regulations and Reforms Technology Production
2015/4/27
We study the impact of emissions tax and emissions cap-and-trade regulation on a firm's technology choice and capacity decisions. We show that emissions price uncertainty under cap-and-trade results i...
Does Planning Regulation Protect Independent Retailers?
Country Governing Rules Regulations and Reforms Employment Governance Controls Framework Planning Market Entry and Exit
2015/4/24
Regulations aimed at curbing the entry of large retail stores have been introduced in many countries to protect independent retailers. Analyzing a planning reform launched in the United Kingdom in the...