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• W1492467300 abstract "We explore the interactions between environmental externalities and intertemporal market power in electricity generation industries where thermal operators imperfectly compete with operators using scarce water stored in dams. Relying upon a two-period model, we show that, in countries where demand peaks at the …rst (resp.ly, second) period after water renewal, dynamic market power worsens (resp.ly, ameliorates) resource allocation and environmental health. We then address policy issues. We show that, in general, second best is not decentralized by means of standard tools such as price cap. We argue that regulators" @default.
• W1492467300 created "2016-06-24" @default.
• W1492467300 creator A5058776365 @default.
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• W1492467300 date "2008-07-29" @default.
• W1492467300 modified "2023-09-27" @default.
• W1492467300 title "Water Misallocation and Environmental Externalities in Electricity Generation" @default.
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