THE EXTENT OF THE MARKET AND INTEGRATION THROUGH FACTOR MARKETS: EVIDENCE FROM WHOLESALE ELECTRICITY.

We document the influence of factor markets in determining the extent of the market, appealing to the Mundell hypothesis that trade in goods and factor markets are substitutes. We confirm this influence using the U.S. wholesale market for electric power. Although the Eastern, Western, and Texas regi...

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Bibliographic Details

Published in:	Economic Inquiry Vol. 58; no. 3; pp. 1076 - 1109
Main Authors:	Butters, R. Andrew, Spulber, Daniel F.
Format:	Article
Published:	Wiley-Blackwell Jul2020
Subjects:	International economic integration Deregulation Electric power Electric power production Gas industry
Online Access:	View this record in EBSCOhost