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Journal Article Spot Market Competition in the UK Electricity Industry Get access Nils-Henrik Mørch von der Fehr, Nils-Henrik Mørch von der Fehr University of Oslo Search for other works by this author on: Oxford Academic Google Scholar David Harbord David Harbord London Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 418, 1 May 1993, Pages 531–546, https://doi.org/10.2307/2234530 Published: 01 May 1993
Fehr et al. (Sat,) studied this question.