#2388. Excessive entry and investment in deregulated markets: Evidence from the electricity sector

October 2026publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript3510 $

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Journal’s subject area:
Economics and Econometrics;
Management, Monitoring, Policy and Law;
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Abstract:
The article analyzes the stage-by-stage and partial restructuring of the state electricity markets. The results show that the restructuring resulted in a 17 percent increase in production capacity above the counterfactual value in the seven years after the restructuring. Overinvestment in the electricity sector is consistent with market coordination inefficiencies, chain reactions and low real interest rates, resulting in an increase in environmental welfare of $ 27.6 billion, but a total net welfare loss of $ 18.85 billion.
Keywords:
Electricity restructuring; Excessive investment; deregulated markets

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