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Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing
Nicolaisen, James; Petrov, Valentin; Tesfatsion, Leigh - EconWPA - 2000
This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … microstructure is strongly predictive for the relative market power of buyers and sellers, and that high market efficiency is … social mimicry learning via a genetic algorithm. However, market efficiency is substantially reduced. …
Persistent link: https://www.econbiz.de/10005412999
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Private hospitals in Australia
Commission, Productivity - EconWPA - 2001
industry’s financial performance, efficiency and quality of service (though it does not attempt to benchmark private hospitals …
Persistent link: https://www.econbiz.de/10005134599
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El diagnóstico de poder de mercado en Economía Industrial: Una revisión de la literatura empírica española del siglo XX
Huergo, Elena - EconWPA - 2005
El propósito de este trabajo es revisar las principales aplicaciones sobre el diagnóstico de poder de mercado que hacen referencia concreta a la industria española de manufacturas. En el marco del paradigma clásico las aplicaciones han consistido básicamente en estimaciones de ecuaciones de...
Persistent link: https://www.econbiz.de/10005076862
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Bidding Markets
Klemperer, Paul - EconWPA - 2005
The existence of a ‘bidding market’ is commonly cited as a reason to tolerate the creation or maintenance of highly concentrated markets. We discuss three erroneous arguments to that effect: the ‘consultants’ fallacy’ that ‘market power is impossible’, the ‘academics’...
Persistent link: https://www.econbiz.de/10005126056
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Slotting Allowances and Retailer Market Power
Wang, Hao - EconWPA - 2004
This paper uses a bilateral oligopoly model to study the slotting allowances in retailing industries. There are two symmetric manufacturers competing in the upstream market. In the downstream, there are a large retailer with considerable market share, and many small retailers with insignificant...
Persistent link: https://www.econbiz.de/10005126489
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Charges, costs and market power in the deregulated UK electricity retail market
SALIES, Evens; WADDAMS, Catherine - EconWPA - 2004
The residential UK electricity market was opened for the first time in 1999, introducing choice of supplier, and about 40% of households changed supplier in the first four years. After three years price caps were removed. We review this process and assess the competitiveness of the market by...
Persistent link: https://www.econbiz.de/10005134464
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ARE US GASOLINE PRICE ADJUSTMENTS ASYMMETRIC?
Rao, B Bhaskara; Rao, Gyaneshwar - EconWPA - 2005
We use the LSE-Hendry general to specific approach to analyse if US gasoline price adjustments are asymmetric with respect to changes in crude oil prices. Furthermore, we modify some weaknesses in the earlier works by Boreinstein, Cameron and Gilbert (1997) and Bachmeier and Griffin (2003) and...
Persistent link: https://www.econbiz.de/10005134971
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Market Power in International Commodity Processing Chains: Preliminary Results from the Coffee Market
Shepherd, Ben - EconWPA - 2005
Vector autoregressions are used to model price transmission through the coffee processing chain, from producers to the world market and from the world market to consumers. A comparison is made of price dynamics against a backdrop of two very different market structures: pre-1989, producers...
Persistent link: https://www.econbiz.de/10005556496
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Review of the National Access Regime
Commission, Productivity - EconWPA - 2002
In late 2000, the Government asked the Commission to undertake a legislation review of Clause 6 of the Competition Principles Agreement (CPA) (requiring a National Access Regime) and Part IIIA of the Trade Practice Act 1974 and report within nine months. The Commission was asked to identify the...
Persistent link: https://www.econbiz.de/10005118927
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Market Structure, Concentration Indices and Welfare Cost
Agiobenebo, Tamunopriye J. - EconWPA - 2004
This paper revisited the analytics of the welfare significance of market imperfections using the industry concentration index. It reopened the issue of how best to measure the concentration index. Specifically, it developed a new market concentration index based on the Hirschman- Herfindahl...
Persistent link: https://www.econbiz.de/10005561384