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| Author: | Knittel, C.R. |
| Title: | Market structure and the pricing of electricity and natural gas |
| Journal: | Journal of Industrial Economics
2003 : JUN, VOL. 51:2, p. 167-191 |
| Index terms: | Electricity industry Market structure Natural gas Pricing USA |
| Language: | eng |
| Abstract: | US electricity and natural gas markets have traditionally been serviced by one of two market structures. In some markets, electricity and natural gas are sold by a regulated dual-product monopolist, while in other markets, electricity and natural gas are sold by separate regulated single-product monopolies. It is analyzed whether electricity and natural gas prices depend on the market structure and these results are compared to the predictions of a number of theories. |
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