Willems, Bert; Rumiantseva, Ina; Weigt, Hannes - In: Energy Economics 31 (2009) 1, pp. 38-47
This paper compares two popular models of oligopolistic electricity markets, Cournot and the Supply Function Equilibrium (SFE), and then tests which model best describes the observed market data. Using identical demand and supply specifications, both models are calibrated to the German...