Sioshansi, Ramteen; Oren, Shmuel - In: Journal of Regulatory Economics 31 (2007) 1, pp. 1-35
We present an empirical analysis of a supply function equilibrium model in the Texas spot electricity market. We derive conditions for optimal bidding behavior in a spot market with ex ante bilaterally contracted sales. By estimating costs, we are able to derive a set of ex post-and ex...