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This paper reports an experiment that studies the behavior of a monopolist on sequential auction markets for tradable permits. Using six sessions in a triple ABA crossover design, we investigate the cost-effectiveness of permit allocations and the division of trade gains on sequential bid,...
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The liberalisation of the Hungarian electricity and natural gas markets has been completed in 2009. The liberalisation … of the electricity market resulted in different competitive positions in the production, the wholesale and the retail … paper sums up the competitive positions at the beginning of the liberalisation process both in the electricity and the …
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