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Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market, 1998–2000

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  • Frank A. Wolak
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/000282803321947461
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    Bibliographic Info

    Article provided by American Economic Association in its journal American Economic Review.

    Volume (Year): 93 (2003)
    Issue (Month): 2 (May)
    Pages: 425-430

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    Handle: RePEc:aea:aecrev:v:93:y:2003:i:2:p:425-430

    Note: DOI: 10.1257/000282803321947461
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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Frank Wolak, 2000. "An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior in a Competitive Electricity Market," International Economic Journal, Taylor & Francis Journals, vol. 14(2), pages 1-39.
    2. Severin Borenstein & James B. Bushnell & Frank A. Wolak, 2002. "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, American Economic Association, vol. 92(5), pages 1376-1405, December.
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    Cited by:
    1. Ciarreta, Aitor & Espinosa, María Paz, 2012. "The impact of regulation on pricing behavior in the Spanish electricity market (2002–2005)," Energy Economics, Elsevier, vol. 34(6), pages 2039-2045.
    2. Ciarreta Antuñano, Aitor & Gutiérrez Hita, Carlos, 2004. "Strategic Behavior and Collusion: An Application to the Spanish Electricity Market," DFAEII Working Papers 2005-02, University of the Basque Country - Department of Foundations of Economic Analysis II.
    3. Shaun D. MCRAE & Frank A. WOLAK, 2009. "How Do Firms Exercise Unilateral Market Power? Evidence from a Bid-Based Wholesale Electricity Market," RSCAS Working Papers 2009/36, European University Institute.
    4. Marco Pagnozzi, 2010. "Are Speculators Unwelcome in Multi-object Auctions?," American Economic Journal: Microeconomics, American Economic Association, vol. 2(2), pages 97-131, May.
    5. Graf, Christoph & Wozabal, David, 2013. "Measuring competitiveness of the EPEX spot market for electricity," Energy Policy, Elsevier, vol. 62(C), pages 948-958.
    6. Frank A. Wolak, 2011. "Measuring the Benefits of Greater Spatial Granularity in Short-Term Pricing in Wholesale Electricity Markets," American Economic Review, American Economic Association, vol. 101(3), pages 247-52, May.
    7. Crawford, Gregory S. & Crespo, Joseph & Tauchen, Helen, 2007. "Bidding asymmetries in multi-unit auctions: Implications of bid function equilibria in the British spot market for electricity," International Journal of Industrial Organization, Elsevier, vol. 25(6), pages 1233-1268, December.

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