This paper aims to introduce some market mechanisms that can improve reliability in the market for electricity generation in Colombia, these are: 1) to provide additional information to agents in a market which by nature is random and 2) reliability insurances, recognizing that the demands are...

This paper analyzes the institutional problems of the electrical industry in Colombia from the perspectives of neoinstitutionalism, regulation, agency models and contracts. Regulation is perceived as a set of interest groups that seeks wealt redistribution. This intervention involves multiple...

This article presents a statistical analysis of the quality of regulation of the Colombian electrical industry based on the economic classification of the rules issued by the National Commission on Energy and Gas. Regulation is understood as a contractual relationship among different interest...

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is determined by means of a clearinghouse double auction...

The process of deregulation in network industries, in particular in the electric sector, raises the problem of financing the Universal Service Obligations (USO) corresponding to the production, transport and distribution operations. In this paper, we study three ways of funding for an USO of...

Satellite radio competitors XM and Sirius recently announced their intention to merge their companies in a $13 billion deal. Recent financial statements show this merger is necessary. Although both stocks grew steadily through October of 2004, they hit a plateau after that and then began a...

In this paper, we study the incumbent's incentive to share its essential facility when there exist network effects. We show that without network effects, the incumbent will charge an access fee high enough to deter the entry. with network effects, however, the incumbent always has an incentive...

We model the main arguments of the net neutrality debate in a two-sided market framework with network congestion sensitive content providers and Internet consumers on each side, respectively. The platform is controlled by a monopolistic Internet service provider, who may choose to sell content...

The analysis and implications of copyright provide the foundation for copyright economics, where an array of different streams of thought coexist feeding a number of controversies that at the same time both hinder and enrich the research agenda. One of the keenest debates concerns the relation...

This paper studies competition between a small number of suppliers and a single buyer (or an auction with a small number of bidders and a single seller), when total demand (supply) is uncertain. It is well known that when a small number of suppliers compete in supply functions the service is not...