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Vertical relationships in China’s electricity industry: The quest for competition?

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  • Zhang, Vanessa Yanhua
  • Chen, Yongjun
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    Abstract

    In this paper we revisit the debate on the role of vertical integration in the energy sectors: whether vertical integration between coal and electricity sectors is a path to create a competitive electricity market in China. We discuss coal-power conflict and potential anti-competitive concerns related to vertical integration, such as raise rival’s cost and collusion, and suggest that regulators and policy makers should pay more attention to the behavior of integrated companies. In particular, they should balance the tradeoff of vertical integration between coal and electricity companies and ensure that efficiency gains should offset anti-competitive effects.

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    Bibliographic Info

    Article provided by Elsevier in its journal Utilities Policy.

    Volume (Year): 19 (2011)
    Issue (Month): 3 ()
    Pages: 142-151

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    Handle: RePEc:eee:juipol:v:19:y:2011:i:3:p:142-151

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    Web page: http://www.elsevier.com/locate/inca/30478

    Related research

    Keywords: Coal generation; Electricity market; Competition policy; Vertical Integration; Collusion;

    References

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    1. Ordover, Janusz A & Saloner, Garth & Salop, Steven C, 1990. "Equilibrium Vertical Foreclosure," American Economic Review, American Economic Association, vol. 80(1), pages 127-42, March.
    2. Yongmin Chen & Michael H. Riordan, 2007. "Vertical integration, exclusive dealing, and expost cartelization," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 1-21, 03.
    3. Wang, Bing, 2007. "An imbalanced development of coal and electricity industries in China," Energy Policy, Elsevier, vol. 35(10), pages 4959-4968, October.
    4. Joskow, Paul L, 1985. "Vertical Integration and Long-term Contracts: The Case of Coal-burning Electric Generating Plants," Journal of Law, Economics and Organization, Oxford University Press, vol. 1(1), pages 33-80, Spring.
    5. Volker Nocke & Lucy White, 2003. "Do Vertical Mergers Facilitate Upstream Collusion?," PIER Working Paper Archive 03-033, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    6. Chen, Yongmin, 2001. "On Vertical Mergers and Their Competitive Effects," RAND Journal of Economics, The RAND Corporation, vol. 32(4), pages 667-85, Winter.
    7. Riordan, Michael H, 1998. "Anticompetitive Vertical Integration by a Dominant Firm," American Economic Review, American Economic Association, vol. 88(5), pages 1232-48, December.
    8. Xu, Shaofeng & Chen, Wenying, 2006. "The reform of electricity power sector in the PR of China," Energy Policy, Elsevier, vol. 34(16), pages 2455-2465, November.
    9. Russell Pittman & Vanessa Yanhua Zhang, 2010. "Electricity Restructuring In China: How Competitive Will Generation Markets Be?," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(02), pages 377-400.
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