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time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …
Persistent link: https://www.econbiz.de/10010356362
We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord … Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to … increasing interaction between electricity and input prices on the one hand, and between electricity markets on the other. The …
Persistent link: https://www.econbiz.de/10009786078
role in the US electricity generation mix. In recent years, the region’s wholesale natural gas and electricity markets have … region and drives up gas and electricity prices. The firms observed to withhold pipeline capacity also own non …-gas electricity generation assets in New England that benefit from their gas-fired competitors paying higher fuel input costs. We …
Persistent link: https://www.econbiz.de/10011735963
multiple channels to energy shocks, even though electricity and gas bills represent a very small share of their total costs … most energy intensive firms. We also find that the impact of electricity shocks has weakened over time, suggesting that … electricity and gas price increases, firms are less able to reduce their consumption. These results shed light on the mechanisms …
Persistent link: https://www.econbiz.de/10014310091
an essential part to bring the country on the path of economic growth, and competition within the sector is crucial to … achieve this goal. In this paper we analyze the effect of competition in public works tenders in the DRC. Using a unique and … performance of the sector. -- construction ; competition ; tenders ; public works …
Persistent link: https://www.econbiz.de/10009689522
paper studies the long-run impact of procurement discrimination on market structure and future competition in industries … with respect to their initial cost distribution. This bias fosters future competition and reduces intertemporal expected …
Persistent link: https://www.econbiz.de/10009630098
In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...
Persistent link: https://www.econbiz.de/10011488000
We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one where no contestant would wish to change his choice...
Persistent link: https://www.econbiz.de/10011718621
We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders. Equilibrium is unique, and the relative market power of a group increases with the precision of its private information but declines with its transaction costs. In line with...
Persistent link: https://www.econbiz.de/10011580637
Persistent link: https://www.econbiz.de/10011402670