Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1, 2013 erstellt
Beschreibung:
This paper investigates the impact of limited commitment on international electricity trade. We build a model where hold-up problems originating from incomplete contracts decrease countries' willingness to trade. In particular, an inability to commit to future trade reduces the specialization of investment. The paper then uses the model to explore potential policy solutions including deregulation and the liberalization of ownership