COST OF COMPLEXITY AND THE REFORM IN THE POWER SECTOR (AVOIDING CHAOS IN THE PATH TO AN OPTIMAL MARKET STRUCTURE)
The reform of a one player power sector (i.e. a natural monopoly) into a multiple players’ power market brings to the clients not only the benefits of competition but also the costs of complexity. In between the two, an optimal number of players is found in the market corresponding to the minimum...
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| Format: | Article |
| Language: | English |
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Editura Academiei Oamenilor de Știință din România
2020-12-01
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| Series: | Annals: Series on engineering sciences (Academy of Romanian Scientists) |
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| Online Access: | http://aos.ro/wp-content/anale/TVol12Nr2Art.6.pdf |