Rodney Stevenson
Abstract
Traditional concerns about concentration in product markets have centered on the social loss associated with the mispricing that occurs when market power is exercised. This paper focuses on a potentially greater loss from market power-a reduction in cost ...
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Traditional concerns about concentration in product markets have centered on the social loss associated with the mispricing that occurs when market power is exercised. This paper focuses on a potentially greater loss from market power-a reduction in cost ...
Key concepts: Inefficiency, Rivalry, Electric utility, Business, Industrial organization, Economics, Microeconomics, Engineering