Market Power and Market Manipulation in Energy Markets: From The California Crisis To The Present

Market Power and Market Manipulation in Energy Markets is an important contribution to the analysis of the Western States electric power crisis of fifteen years ago. While much has been written about those events, this book offers a compelling new perspective, one that is firmly rooted in economic analysis, comprehensive in scope, dispassionate in its views, and relevant to the choices that continue to face policymakers who test the limits of markets to replace regulation. Authored by economists at the center of these debates, this book will be essential reading for policymakers as well as scholars and students of competition and regulation everywhere. - John Kwoka, Neal F. Finnegan Distinguished Professor of Economics