The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.
Pricing and Firm Conduct in California's Deregulated Electricity Market
Abstract
This paper analyzes the pricing behavior of electricity generating firms in the restructured California market from its inception in April 1998 until its collapse in late 2000. Using detailed firm-level data, I find that conduct is fairly consistent with a Cournot pricing game for much of the sample. In summer and fall 2000, the market was slightly less competitive, yet the dramatic rise in prices was more driven by changes in costs and demand than by changes in firm conduct. The five large nonutility generators raised prices slightly above unilateral market-power levels in 2000, but fell far short of colluding on the joint monopoly price.
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Cites
(2010) · American Economic Review · doi:10.1257/aer.100.1.i · Cited by 4,443
Measuring Market Power in the Ready-to-Eat Cereal Industry
Nevo, A. (2001) · Econometrica · doi:10.1111/1468-0262.00194 · Cited by 2,064
Noncooperative Collusion under Imperfect Price Information
Green, E. J., & Porter, R. H. (1984) · Econometrica · doi:10.2307/1911462 · Cited by 1,998
Supply Function Equilibria in Oligopoly under Uncertainty
Klemperer, P. D., & Meyer, M. A. (1989) · Econometrica · doi:10.2307/1913707 · Cited by 1,382
Competition in the British Electricity Spot Market
Green, R. J., & Newbery, D. M. (1992) · Journal of Political Economy · doi:10.1086/261846 · Cited by 1,336
Chapter 17 Empirical studies of industries with market power
Bresnahan, T. F. (1989) · Handbook of Industrial Organization · doi:10.1016/s1573-448x(89)02005-4 · Cited by 1,271
A Supergame-Theoretic Model of Price Wars during Booms
Rotemberg, J. J., & Saloner, G. (1986) · American Economic Review · Cited by 1,186
What Really Matters in Auction Design
Klemperer, P. (2002) · Journal of Economic Perspectives · doi:10.1257/0895330027166 · Cited by 977
Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market
Borenstein, S., Bushnell, J. B., & Wolak, F. A. (2002) · American Economic Review · doi:10.1257/000282802762024557 · Cited by 941
(2024) · Journal of Law and Economics · doi:10.56347/jle · Cited by 919
Cited by
The Trouble With Electricity Markets: Understanding California's Restructuring Disaster
Borenstein, S. (2002) · Journal of Economic Perspectives · doi:10.1257/0895330027175 · Cited by 558
Pass-Through of Emissions Costs in Electricity Markets
Fabra, N., & Reguant, M. (2014) · American Economic Review · doi:10.1257/aer.104.9.2872 · Cited by 491
Hortaçsu, A., & Puller, S. L. (2008) · The RAND Journal of Economics · doi:10.1111/j.0741-6261.2008.00005.x · Cited by 432
Self-citationMarket-Based Emissions Regulation and Industry Dynamics
Fowlie, M., Reguant, M., & Ryan, S. P. (2016) · Journal of Political Economy · doi:10.1086/684484 · Cited by 329
Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market, 1998–2000
Wolak, F. A. (2003) · American Economic Review · doi:10.1257/000282803321947461 · Cited by 254
Metadata
- Authors
- Puller, S. L.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2007-02
- Volume
- 89
- Issue
- 1
- Pages
- 75-87
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W2147978173
- Cited by
- 255
- References
- 32
- FWCI
- 13.86
- Type
- journal article
- Language
- en
- Open access
- closed
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