Power market integration is analyzed in a two-country model with nationally regulated firms and costly public funds. If the generation costs between the two countries are too similar, negative business stealing outweighs efficiency gains so that the subsequent integration welfare decreases in both regions. Integration is welfare enhancing when the cost difference between two regions is large enough. The benefits from export profits increase the total...
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INFORMATION
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2013/06/01
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Document de travail de recherche sur les politiques
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WPS6494
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1
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1
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2013/06/01
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Disclosed
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Powering up developing countries through integration ?
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competition for market share
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