Institutional contexts of market power in the electricity industry
Journal Article
·
· Electricity Journal
Market power is widely recognized as one of the principal issues that must be dealt with if the electricity industry is to make the transition from regulation to competition. In this article, the author provides a legal and economic introduction to what the antitrust community means by market power and offers a primer on why market power is so central an issue in the electricity industry. Finally and most importantly, he offers comments on the institutional contexts of market power, exploring a process which he calls Shermanization that helps explain the institutional aspect of moving from regulation to competition and holds implications for where oversight should reside during this complex transition.
- Research Organization:
- American Antitrust Inst., Inc., Washington, DC (US)
- OSTI ID:
- 20013718
- Journal Information:
- Electricity Journal, Vol. 12, Issue 4; Other Information: PBD: May 1999; ISSN 1040-6190
- Country of Publication:
- United States
- Language:
- English
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