Designing Competitive Electricity Markets

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Pigou vs. Coase
. The intellectual fight about the structure of the electricity transmission industry also involves disputes over how centralized or decentralized the transmissiom market can be.
Designing

Competitive Electricity Markets
is an excellent source of insight about these arguments. This book contains thoughtful essays by a who's who of academic electricity experts, including Paul Joskow, Schmuel Oren, William Hogan, Vernon Smith, Robert Wilson, and Hung-po Chao.
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Regulation, 23:3

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This is a rich book on the subject of how to design competitive electricity markets that ranges in style form survey papers of the literature. It provides a good introduction to the subject and will allow readers to familiarise themselves with many of the basic arguments behind the details of electricity market design.
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The Journal of Energy Literature 7:1 (2001)