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Measuring Market Power in Network-Constrained Markets

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NBER2025-09-01 更新2025-09-27 收录
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Producers in locational pricing markets have the ability to exercise market power by impacting the extent to which transport capacity constraints bind. We extend the single-location residual demand curve concept to a residual demand hypersurface that quantifies the impact of a suppliers output

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2025-09-01
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