Econometrica: Jul 2002, Volume 70, Issue 4

Architecture of Power Markets

https://doi.org/10.1111/1468-0262.00334
p. 1299-1340

Robert Wilson

Liberalization of infrastructure industries presents classic economic issues about how organization and procedure affect market performance. These issues are examined in wholesale power markets. The perspective from game theory complements standard economic theory to examine effects on efficiency and incentives.
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