We document the evolution of the newly created market for frequency response within the UK electricity system over a six-year period. Firms competed in price while facing considerable initial uncertainty about market demand and rival behavior. We show that over time prices stabilized, converging...

We document the evolution of the newly created market for frequency response within the UK electricity system over a six-year period. Firms competed in price while facing considerable initial uncertainty about market demand and rival behavior. We show that over time prices stabilized, converging...

he economic concept of networks refers to the structure of agents` interaction as well as to the economic property of positive externalities. This book describes the economics of networks from various perspectives among which are¤ classical approaches, methods derived from physics, theory of...

Im Zentrum dieser Arbeit stehen die Wettbewerbspotenziale in Netzen. Zu-nächst wird der Netzwettbewerb im Spannungsfeld zwischen Größenvorteilen, Vielfalt und Netzevolutorik analysiert. Im Anschluss daran wird das Fallbeispiel Internet untersucht, das in seiner wettbewerblichen Dynamik alle...