Electric Utility Mergers

Principles of Antitrust Analysis

AvMark W. Frankena,Bruce M. Owen

Inbunden, Engelska, 1994

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Beskrivning

Competition in the generation, transmission, and distribution of electricity is of increasing interest to policy makers as well as to buyers and sellers of power. The use of competition as a social policy tool to benefit consumers carries the necessity of preserving competition when it is threatened by mergers or other structural changes. The work explains central principles of antitrust economics and applies them to mergers in the electric power industry. This work focuses on mergers, but the economic principles explained here will be useful in analyzing many important issues flowing from growth of competition in electric power. For example, proper definition of markets and analysis of market power will be useful in decisions on whether to continue regulation.

Produktinformation

Utgivningsdatum:1994-07-30
Mått:161 x 245 x 19 mm
Vikt:432 g
Format:Inbunden
Språk:Engelska
Antal sidor:208
Förlag:Bloomsbury Publishing Plc
ISBN:9780275945961

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Mer om författaren

MARK W. FRANKENA is Senior Economist with Economists Incorporated, where he has been employed since 1988. Between 1982 and 1988, Dr. Frankena was employed by the U.S. Federal Trade Commission, Bureau of Economics, where he supervised antitrust analysis.BRUCE M. OWEN has been President of Economists Incorporated since 1981 and Visiting Professor of Economics at Stanford University's Washington, D.C., campus since 1989. He was Chief Economist of the Antitrust Division of the U.S. Department of Justice from 1979 through 1981. Prior to this, Dr. Owen was a faculty member at Duke and Stanford Universities.

Innehållsförteckning

Preface Market Power and Antitrust Analysis Competition and Regulation in the Electric Power Industry Recent Developments in Wholesale Power Markets Market Definition in the Electric Power Industry Competitive Effects of Horizontal Mergers Competitive Effects of Vertical Mergers Utility Mergers and Retail Competition Remedies for Anticompetitive Mergers Efficiency Analysis of Electric Utility Mergers Bibliography Index