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Volume 19  Number 2  •  Fall 2014
Other Issues:  

Incumbent Vertical Market Power, Experimentation, and Institutional Design in the Deregulating Electricity Industry
By L. Lynne Kiesling
This article appeared in the Fall 2014 issue of The Independent Review

Many states initiated electricity liberalization and deregulation in the 1990s, but retail competition for residential customers has remained sluggish, and innovation in products, services, and pricing has been uncommon. The restructuring efforts yielded lackluster results largely because they failed to lift regulations that hinder experimentation by producers and consumers.

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