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Endogenous investment decisions in natural gas equilibrium models with logarithmic cost functions

Huppmann, Daniel - 2012

The liberalisation of the natural gas markets and the importance of natural gas as a transition fuel to a low-carbon economy have led to the development of several large-scale equilibrium models in the last decade. These models combine long-term market equilibria and investments in...

Persistent link: https://www.econbiz.de/10009666492

The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - 2009

In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro...

Persistent link: https://www.econbiz.de/10003898588

Market power and heterogeneous pass-through in German electricity retail

Duso, Tomaso; Szücs, Florian - 2016

We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have...

Persistent link: https://www.econbiz.de/10011553026

Cartel overcharges and the deterrent effect of EU competition law

Smuda, Florian - 2012

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …

Persistent link: https://www.econbiz.de/10009572459

Bertrand competition in markets with network effects and switching costs

Suleymanova, Irina (contributor); Wey, Christian (contributor) - 2008

We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching costs. Consumers form installed bases, repeatedly buy the products, and differ with respect to their switching costs. Depending on the ratio of switching costs to network...

Persistent link: https://www.econbiz.de/10003726117

Estimating demand with multi-homing in two-sided markets

Affeldt, Pauline Luise; Argentesi, Elena; Filistrucchi, Lapo - 2021

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...

Persistent link: https://www.econbiz.de/10012607419

Local consequences of global uncertainty : capacity development and LNG trade under shale gas and demand uncertainty and disruption risk

Egging, Ruud; Holz, Franziska - 2015

Recent supply security concerns in Europe have revived interest into the natural gas market. Here, we investigate investment behavior and trade in an imperfect market structure under uncertainty in both supply and demand. We focus on three uncertain events: i) transit of Russian gas via Ukraine...

Persistent link: https://www.econbiz.de/10011309924

Mitigating environmental and public-safety risks of United States crude-by-rail transport

Oke, Olufolajimi; Huppman, Daniel; Marshall, Max; … - 2016

We present a medium-term market equilibrium model of the North American crude oil sector via which we develop a scenario analysis to investigate strategies to mitigate the environmental and public-safety risks from crude-by-rail transportation across the United States. The model captures crude...

Persistent link: https://www.econbiz.de/10011479162

Environmental damage and price taking behaviour by firms and consumers

Houba, Harold; Kremers, Hans - 2009

Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...

Persistent link: https://www.econbiz.de/10003832579

Market power rents and climate change mitigation : a rationale for coal taxes?

Richter, Philipp M.; Mendelevitch, Roman; Jotzo, Frank - 2015

In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia), or a group of major exporting countries. The policy motivation would be twofold: generating tax revenues against the background of improved terms-of-trade, while CO2...

Persistent link: https://www.econbiz.de/10010519916