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Diagnosing Market Power in California's Deregulated Wholesale Electricity Market

Severin Bornstein, James Busby Bushnell, and Frank Wolak

Examines the degree of competition in the Cal. wholesale electricity market during the period June 1998 to Sep. 1999 by comparing the market prices with estimates of the prices that would have resulted if owners of instate fossil fuel ...

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Length: 51 pages

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