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Market design of regional flexibility markets : a classification metric for flexibility products and its application to German prototypical flexibility markets
Heilmann, Erik; Klempp, Nikolai; Wetzel, Heike - 2020
With a growing number of distributed energy resources, the electricity network is challenged with a higher quantity of technical problems such as capacity congestions and over- or under-voltages. One often-discussed approach to solve these problems, especially in the European zonal electricity...
Persistent link: https://www.econbiz.de/10012149975
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Do pump prices really follow Edgeworth cycles? : evidence from the German retail fuel market
Haas, Samuel de - 2019
Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a cycle. It seems challenging to address this assumption...
Persistent link: https://www.econbiz.de/10011992354
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Der KMD-Kartellcheck : Marktscreening nach Kartellstrukturen am Beispiel des deutschen Zementmarkts
Lorenz, Christian - 2005
analysis and investigates whether they operate efficiently. The CFD cartel-audit should enable the detection of cartels via … patterns. The CFD cartel-audit attempts to draw conclusions from these patterns in order to find hidden cartels and to engage … antitrust agencies inot additional more detailed audits. -- cartel ; collusion ; price fixing ; collusive marker ; cartel audit …
Persistent link: https://www.econbiz.de/10009349855
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Pricing in asymmetric two-sided markets : a laboratory experiment
Weghake, Jens; Erlei, Mathias; Keser, Claudia; Schmidt, … - 2018 - Version: April 2018
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two specific research questions: Do participants charge the equilibrium prices that can be derived from a theoretical model? How is the price setting affected by the characteristics...
Persistent link: https://www.econbiz.de/10011825236
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Market performance and competition : a product life cycle model
Werker, Claudia - 2000
The paper introduces a new simulation model of market dynamics by integrating several concepts of evolutionary economics. In the course of market evolution various changes take place of which the emergence of consumers' preferences and of the knowledge that is needed to meet these preferences...
Persistent link: https://www.econbiz.de/10010483983
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The role of demand response in mitigating market power : a quantitative analysis using a stochastic market equilibrium model
Devine, Mel T.; Bertsch, Valentin - 2019
Market power is a dominant feature of many modern electricity markets with an oligopolistic structure, resulting in increased consumer cost. This work investigates how consumers, through demand response (DR), can mitigate against market power. Within DR, our analysis particularly focusses on the...
Persistent link: https://www.econbiz.de/10012098215
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Price volatility in commodity markets with restricted participation
Knaut, Andreas; Paschmann, Martin - 2016
Analyzing commodity market dynamics, we observe that price volatility increases with reduced contract duration. In this paper, we derive a theoretical model depicting the price formation in two markets with altering product granularity. Supplemented by empirical evidence from German electricity...
Persistent link: https://www.econbiz.de/10011587638
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Electricity markets : designing auctions where suppliers have uncertain costs
Holmberg, Pär; Wolak, Frank A. - 2015
We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing....
Persistent link: https://www.econbiz.de/10011410462
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Platform intermediation in a market for differentiated products
Galeotti, Andrea; Moraga-González, José Luis - 2008 - Rev.: February 2008
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10011374421
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Central- versus self-dispatch in electricity markets
Ahlqvist, Victor; Holmberg, Pär; Tangerås, Thomas P. - 2018
In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides how much should be produced in each plant. This differs from decentralized markets that rely on self-commitment and where producers send less detailed cost information to the...
Persistent link: https://www.econbiz.de/10011952122