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The effects of vertical separation and competition: evidence from US electric utility restructuring

Competition usually increases firm productivity; but in network industries, effective competition requires vertical separation, which might reduce productivity and lead to a potential trade-off. We analyze the combined effect of competition and vertical separation on inefficient costs for US electri...

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Bibliographic Details
Main Authors:	Michael G. Pollitt, Jafar Sadeghi, Thomas Triebs
Format:	Default Article
Published:	2024
Subjects:	Applied economics Divestiture Competition Economies of scope Electric utilities
Online Access:	https://hdl.handle.net/2134/25219889.v1
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