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Analyzing Gas and Electric Convergence Mergers: A Supply Curve Is Worth a Thousand Words

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  • Hunger, David

Abstract

The 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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  • Hunger, David, 2003. "Analyzing Gas and Electric Convergence Mergers: A Supply Curve Is Worth a Thousand Words," Journal of Regulatory Economics, Springer, vol. 24(2), pages 161-173, September.
  • Handle: RePEc:kap:regeco:v:24:y:2003:i:2:p:161-73
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    References listed on IDEAS

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    Cited by:

    1. Micola, Augusto Rupérez & Banal-Estañol, Albert & Bunn, Derek W., 2008. "Incentives and coordination in vertically related energy markets," Journal of Economic Behavior & Organization, Elsevier, vol. 67(2), pages 381-393, August.
    2. Richard Gilbert & David Newbery, 2008. "Analytical Screens for Electricity Mergers," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 32(3), pages 217-239, May.
    3. Levi Marks & Charles F. Mason & Kristina Mohlin & Matthew Zaragoza-Watkins, 2017. "Vertical Market Power in Interconnected Natural Gas and Electricity Markets," CESifo Working Paper Series 6687, CESifo Group Munich.

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