Electricity Trading in a Successive Oligopoly Market: A Social Welfare Comparison between the Generation and Retail Sectors’ Liberalization

Keita Yamane


This study models the electricity industry as a successive Cournot oligopoly market to compare the market performance between the generation and retail sectors’ liberalization. We show that, assuming identical fixed costs on free entry into both generation and retail sectors, liberalization of the retail sector can dominate that of the generation sector with regard to social welfare.

Full Text:


DOI: https://doi.org/10.22158/rem.v3n4p307


  • There are currently no refbacks.

Copyright (c) 2018 Keita Yamane

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © SCHOLINK INC.  ISSN 2470-4407 (Print)  ISSN 2470-4393 (Online)