Neither Lucky Nor Good - The Case of Electricity Deregulation in California

Jason P. Martinek and Michael Orlando ()
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Jason P. Martinek: Federal Reserve Bank of Kansas City, USA

The Economic and Social Review, 2002, vol. 33, issue 1, 75-82

Abstract: We present an integrated summary of the various factors that contributed to shortages of electrical power in California in 2000. Several necessary conditions for the crisis are identified. We conclude that a sufficient remedy may be defined by policies that mitigate the limited incentives to invest in transmission capacity.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:eso:journl:v:33:y:2002:i:1:p:75-82

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