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Neither Lucky Nor Good - The Case of Electricity Deregulation in California

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Author Info
Jason P. Martinek (Federal Reserve Bank of Kansas City, USA)
Michael J. Orlando (Federal Reserve Bank of Kansas City, USA)

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Abstract

We present an integrated summary of the various factors that contributed to shortages of electrical power in California in 2000. Several necessary conditions for the crisis are identified. We conclude that a sufficient remedy may be defined by policies that mitigate the limited incentives to invest in transmission capacity.

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File URL: http://www.esr.ie/Vol33_1Orlando.pdf
File Format: application/pdf
File Function: First version, 2002
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Publisher Info
Article provided by Economic and Social Studies in its journal Economic and Social Review.

Volume (Year): 33 (2002)
Issue (Month): 1 ()
Pages: 75-82
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eso:journl:v:33:y:2002:i:1:p:75-82

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References listed on IDEAS
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.:

  1. Severin Borenstein & James. Bushnell & Steven Stoft, 2000. "The Competitive Effects of Transmission Capacity in A Deregulated Electricity Industry," RAND Journal of Economics, The RAND Corporation, vol. 31(2), pages 294-325, Summer.
    Other versions:
  2. Paul Joskow & Edward Kahn, 2001. "A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market During Summer 2000," NBER Working Papers 8157, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Severin Borenstein & James Bushnell & Frank Wolak, 1999. "Diagnosing Market Power in California's Deregulated Wholesale Electricity Market," Competition Policy Center, Working Paper Series CPC99-007, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
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Cited by:
(explanations, 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.)

  1. Torstein Bye, Annegrete Bruvoll and Finn Roar Aune, 2006. "The importance of volatility in inflow in a deregulated hydro-dominated power market," Discussion Papers 472, Research Department of Statistics Norway. [Downloadable!]
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This page was last updated on 2009-12-18.

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