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One of the most important economic strategic sectors in any economy is the electricity market. Its main feature is its oligopolistic character favoured by the returns to scale which act as an entry barrier. As a result, the energy generators can use their power market in order to increase their...
Persistent link: https://www.econbiz.de/10011307212
One of the most important economic strategic sectors in any economy is the electricity market. Its main feature is its oligopolistic character favoured by the returns to scale which act as an entry barrier. As a result, the energy generators can use their power market in order to increase their...
Persistent link: https://www.econbiz.de/10010506052
Spanish Abstract: El objetivo de este escrito es analizar el desempeño del Mercado Eléctrico Mayorista - MEM en los veinte años de existencia. Después de describir el funcionamiento del mercado spot, el mercado de largo plazo y el cargo por confiabilidad; se analiza el efecto de variables como...
Persistent link: https://www.econbiz.de/10013013325
Persistent link: https://www.econbiz.de/10013015366
The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...
Persistent link: https://www.econbiz.de/10015234937
El punto de partida de cualquier análisis de competencia, consiste en la definición adecuada del mercado tanto en términos de producto como en términos geográficos. Sin embargo, la definición de los límites no siempre resulta sencilla, en particular cuando se refiere a términos...
Persistent link: https://www.econbiz.de/10015235781
In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...
Persistent link: https://www.econbiz.de/10014494436
This document employs simulation techniques (of what kind) to attempt to replicate the market's behavior under various conditions associated with its competitive structure and the potential existence of entry barriers. The aim is to connect these simulations with theoretical and empirical...
Persistent link: https://www.econbiz.de/10015270912
This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and variable returns to scale. If the optimum number of active firms in the market is two or more, and the number of active firms is equal to that optimum number, then Bertrand...
Persistent link: https://www.econbiz.de/10010289455
We present a two-firm model of predation under complete information, based on different discount factors, and integrate it with a model of collusion. Competition, collusion and predation are seen as alternative strategies. The basic conclusions are that t
Persistent link: https://www.econbiz.de/10005510009