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    On the Impact of Forward Markets on Investments in Oligopolistic Markets with Reference to Electricity
    13 years 10 months ago
    On the Impact of Forward Markets on Investments in Oligopolistic Markets with Reference to Electricity
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    There is a general agreement since Allaz-Vila’s seminal contribution that forward contracts mitigate market power on the spot market. This result is widely quoted and elaborated...
    Frederic H. Murphy, Yves Smeers
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