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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

Price and investment dynamics: Theory and plant level data

Lundin, Magnus; Gottfries, Nils; Bucht, Charlotte; … - 2007

We construct a model of a firm competing for market share in a customer market and making investments in physical capital. The firm is financially constrained and there are implementation lags in investment. Our model predicts that product prices should depend on costs and competitors' prices,...

Persistent link: https://www.econbiz.de/10010321999

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

Explicit Evidence on an Implicit Contract

Young, Andrew T.; Levy, Daniel - 2010

We offer the first direct evidence of an implicit contract in a goods market. The evidence we offer comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a substantial amount of written evidence of its implicit contract with its consumers-a very explicit form of an...

Persistent link: https://www.econbiz.de/10010336020

Price setting and price adjustment in some European Union countries: Introduction to the special issue

Levy, Daniel; Smets, Frank - 2010

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10010336066

Holiday price regidity and cost of price adjustment

Levy, Daniel; Müller, Georg; Chen, Haipeng (Allan); … - 2008

The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers' questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the...

Persistent link: https://www.econbiz.de/10010336068

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