On measuring the gain in economic welfare from marginal cost pricing when a related market is of importance: the case of electricity and natural gas

On measuring the gain in economic welfare from marginal cost pricing when a related market is of importance: the case of electricity and natural gas

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Argues that an analysis of the welfare effects of electricity rate reform cannot be limited to the market for electricity alone. At a minimum the analysis must be expanded to include the market for natural gas. Consequently, in addition to observing...