Does Strategic Ability Affect Efficiency? Evidence from Electricity Markets
收藏NBER2017-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23526
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资源简介：
Oligopoly models of price competition predict that strategic firms exercise market power and generate inefficiencies. However, heterogeneity in firms strategic ability also generates inefficiencies. We study the Texas electricity market where firms exhibit significant heterogeneity in how they
提供机构：
美国国家经济研究局
创建时间：
2017-06-01
