We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord …

(Price, Market Share and Characteristics). We estimate company (product) mark-ups consistent with a structural model of …

competition, akin to the competition in wholesale electricity markets. An acute form of market power may arise if a supplier is …

prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …

This paper studies the aggregate substitution and expansion effects triggered by changes in input prices, in a context …

the California electricity market to measure the extent to which estimated mark-ups and marginal costs are biased. Our … of such ?New Empirical Industrial Organization?(NEIO) studies, Corts (1999) illustrates the estimated mark-ups may be … results suggest that the NEIO technique poorly estimates mark-ups and the sensitivity of marginal cost to cost shifters. …

used to derive competitive marginal cost estimators which are compared with observed electricity prices. Marginal costs are … marginal costs and prices reveals significant market power in the German electricity market, mainly exhibited during peak …This paper quantifies the degree of market power in the German wholesale electricity market. A fundamental model is …

This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity … static, non-cooperative oligopoly models, which are widely used to model electricity markets, by testing the static Nash … static Nash equilibrium assumption if the majority of their output was covered by financial contracts which hedged prices …