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Risk premia in electricity wholesale spot markets: empirical evidence from Germany

Pietz, Matthäus - 2009

This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …

Persistent link: https://www.econbiz.de/10010305694

Risk premia in the German electricity futures market

Pietz, Matthäus - 2009

The mechanism behind price formation in electricity futures markets is still under discussion. Theory suggests that … discussion through an empirical investigation of electricity futures for delivery in Germany traded at the European Energy …

Persistent link: https://www.econbiz.de/10010305696

The Impact of China’s Electricity Deregulation on Coal and Power Industries: Two-stage Game Modeling Approach

Liu, HuiHui; Zhang, ZhongXiang; Chen, ZhanMing; Dou, DeSheng - 2018

government launched an unprecedented marketization reform in 2015 to deregulate the electricity price. This paper examines the … impact of the electricity price deregulation in the industry level. We first construct two-stage dynamic game models by … with and without electricity regulation, and examine the changes in electricity price, electricity generation, coal price …

Persistent link: https://www.econbiz.de/10011957009

Is Privatization Enough? Finding Performance Breaks for UK Power Plants

Triebs, Thomas P.; Pollitt, Michael G. - Judge Business School <Cambridge> - 2010

electricity generators. We analyse the effects of privatization and other changes in incentives on plant efficiency using a newly …

Persistent link: https://www.econbiz.de/10009354096

Zero-ending prices, cognitive convenience, and price rigidity

Snir, Avichai; Chen, Haipeng; Levy, Daniel C. - 2022

We assess the role of cognitive convenience in the popularity and rigidity of 0-ending prices in convenience settings. Studies show that 0-ending prices are common at convenience stores because of the transaction convenience that 0-ending prices offer. Using a large store-level retail CPI data,...

Persistent link: https://www.econbiz.de/10014304180

3 lessons from hyperinflationary periods

Bergen, Mark; Bergen, Thomas; Levy, Daniel C.; Semenov, Rose - 2022

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply - because constant price changes can ultimately be very,...

Persistent link: https://www.econbiz.de/10014388407

Retail pricing format and rigidity of regular prices

Ray, Sourav; Snir, Avichai; Levy, Daniel C. - 2023

We study the price rigidity of regular and sale prices, and how it is affected by pricing formats (i.e., pricing strategies). We use data from three large Canadian stores with different pricing formats (Every-Day-Low-Price, Hi-Lo, and Hybrid) that are located within a 1 km radius of each other....

Persistent link: https://www.econbiz.de/10014388411

Small price changes, sales volume, and menu cost

Sayag, Doron; Snir, Avichai; Levy, Daniel C. - 2024

Persistent link: https://www.econbiz.de/10014577265

Shrinking goods and sticky prices: Theory and evidence

Snir, Avichai; Levy, Daniel - 2011

If producers have more information than consumers about goods' attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

Persistent link: https://www.econbiz.de/10010336015

Explicit evidence of an implicit contract

Young, Andrew T.; Levy, Daniel - 2013

We thank three anonymous referees for thoughtful comments and suggestions which we found very constructive and helpful. We are particularly grateful to the editor, Al Klevorick, for his advice and painstaking guidance through the multiple revision process. We thank Robert Barsky, Susanto Basu,...

Persistent link: https://www.econbiz.de/10010336017