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INNOVATION AND COMPETITION IN GENERATION AND RETAIL POWER MARKETS
Author(s) -
Hooper Elizabeth,
Price Catherine Waddams
Publication year - 2010
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2010.01999.x
Subject(s) - competition (biology) , industrial organization , business , market economy , power (physics) , economics , commerce , marketing , ecology , physics , quantum mechanics , biology
There has been considerable merger activity in EU energy markets in recent years. It could be argued that competition authorities should be required to take into account potential innovation effects of mergers. In the UK, regulators are now trying to achieve multiple objectives within the current framework. There is a danger that if markets are expected to deliver mutually incompatible objectives they will be unable to achieve any of them.