Analyzing Gas and Electric Convergence Mergers: A Supply Curve Is Worth a Thousand Words
AbstractThe recent trend toward convergence mergers between gas and electric utilities raises questions regarding merger analysis. Standard concentration measures do not capture adequately the ability of the merged firm to raise rivals' costs or impede their access to natural gas supplies. Estimating electricity supply curves for various time periods gives analysts an additional tool for predicting future market outcomes. Copyright 2003 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Journal of Regulatory Economics.
Volume (Year): 24 (2003)
Issue (Month): 2 (September)
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Web page: http://www.springerlink.com/link.asp?id=100298
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- Augusto Rupérez Micola & Albert Banal Estañol & Derek W. Bunn, 2006.
"Incentives and Coordination in Vertically Related Energy Markets,"
CIG Working Papers
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- Richard Gilbert & David Newbery, 2008. "Analytical Screens for Electricity Mergers," Review of Industrial Organization, Springer, vol. 32(3), pages 217-239, May.
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