search query: @author Knieps, G. / total: 8
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| Author: | Knieps, G. Pethig, R. |
| Title: | Uncertainty, capacity costs, and potential gains from cooperation and competition |
| Journal: | Journal of Institutional and Theoretical Economics
1994 : JUN, VOL. 150:2, p. 325-350 |
| Index terms: | UNCERTAINTY CAPACITY COSTS COMPETITION |
| Language: | eng |
| Abstract: | During the actual debate on reforming the European utility industry the concept of regional monopolies is challenged. Opponents of deregulation in the utility industries argue that competition fails to guarantee security of provision in view of severe uncertainties. This paper analyzes the question to what extent markets can coordinate the supply of different utilities under demand and breakdown uncertainty. Finally, competitive retail markets are considered. |
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