Computable General Equilibrium Analysis of Energy Markets with Imperfect Competition and Scale Economy

불완전경쟁 및 규모의 경제가 에너지 산업에 미치는 영향

This Paper investigates imperfect competition and economy of scale on Korean energy markets based on computable general equilibrium model. Some industries like energy sector have exhibited that their economies have strong economies of scale and imperfect competition. Thus these industrial organization facts should be incorporated into CGE model. In our model, non-competitive markets are adopted and compare these results with convention perfect competition model.