Abstract
The view that the electric power industry is a natural monopoly is based on its underlying production technology. On their face, generation, transmission, and distribution all appear to be subject to significant economies of scale. The integration of these stages into a single utility reflects a belief in efficiencies from coordination among stages.
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© 1996 Kluwer Academic Publishers
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(1996). Economies of Scale, Vertical Integration, and the Role of Competition. In: Power Structure. Springer, Dordrecht. https://doi.org/10.1007/978-0-585-22965-2_3
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DOI: https://doi.org/10.1007/978-0-585-22965-2_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-0-7923-9843-1
Online ISBN: 978-0-585-22965-2
eBook Packages: Springer Book Archive