Suarez, Carlos2024-02-232024-02-232023Suarez C. Mixed oligopoly and market power mitigation: evidence from the colombian wholesale electricity market. J Ind Econ. 2023;LXXI(2):354-406. DOI: 10.1111/joie.12328022-1821http://hdl.handle.net/10230/59227Using information on price bids in wholesale electricity pools and empirical techniques described in the literature on electricity markets, this study identifies the market power mitigation effect of public firms in the Colombian market. The results suggest that while private firms exercise less market power than is predicted by a profit-maximization model, there are marked differences between private and public firms in their exercise of unilateral market power. These findings support the hypothesis of the market power mitigation effect of public firms.application/pdfeng© 2023 The Author.The Journal of Industrial Economicspublished by The Editorial Board of The Journal of IndustrialEconomics and John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License,which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial andno modifications or adaptations are made.info:eu-repo/semantics/articlehttp://dx.doi.org/10.1111/joie.12328info:eu-repo/semantics/openAccess