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Capacity mechanisms and effects on market structure

Elberg, Christina; Kranz, Sebastian - 2014

Liberalized electricity markets are characterized by fluctuating priceinelastic demand of non-storable electricity, often defined by a substantial market share held by one or few incumbent firms. These characteristics have led to a controversial discussion concerning the need for and the design...

Persistent link: https://www.econbiz.de/10010253387

Measuring Market Power and the E fficiency of Alberta's Restructured Electricity Market : An Energy-Only Market Design

Brown, David - 2016

We measure the degree of market power execution and inefficiencies in Alberta's restructured electricity market. Using hourly wholesale market data from 2008 to 2014, we find that firms exercise substantial market power in the highest demand hours with limited excess production capacity. The...

Persistent link: https://www.econbiz.de/10013000784

Vertical Integration and Market Power in Electricity Markets

Hogan, Seamus - 2019

Vertical separation of generation from electricity retailing has often been required as a condition of electricity market liberalisation. A well-developed and liquid contracts market is similarly suggested as necessary to manage the resulting wholesale market risks, which risks are further...

Persistent link: https://www.econbiz.de/10012890370

The Unsustainable Costs of Partial Deregulation

MacAvoy, Paul W. - 2008

Three decade ago, federal policymakers - Republicans and Democrats - embarked on a general strategy of deregulation in the electricity, gas delivery, and telecommunications industries. The strategy called for restructuring to separate production from the transmission and distribution, followed...

Persistent link: https://www.econbiz.de/10014047844

Merger Externalities in Oligopolistic Markets

Gugler, Klaus - 2014

transition from an n to an n-1 player oligopoly after a merger. Competitors are identified via the European Commission's market … investigations and our methodology allows us to distinguish the externality due to the change in market structure from the merger …

Persistent link: https://www.econbiz.de/10013063525

Close Competitors in Merger Review

Thomas, Stefan - 2015

is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … of any theory of harm …

Persistent link: https://www.econbiz.de/10013020744

Concentration-Based Merger Tests and Vertical Market Structure

Gans, Joshua - 2006

This paper derives a concentration measure for markets with multiple vertical segments. The measure is derived using a model of vertical contracting where upstream and downstream firms bargain bilaterally and may be integrated. The resulting vertical Hirschman-Herfindahl Index provides a measure...

Persistent link: https://www.econbiz.de/10014063051

Vertical Mergers and Competition with a Regulated Bottleneck Monopoly

Galetovic, Alexander; Sanhueza, Ricardo - 2004

run of oligopolistic market structures, we show that a vertical merger (or any set of vertical restraints that eliminates …

Persistent link: https://www.econbiz.de/10014072817

Unilateral Competitive Effects of Horizontal Mergers

Werden, Gregory J.; Froeb, Luke M. - 2012

This chapter first reviews the economic theory underlying the unilateral competitive effects of mergers, focusing on …

Persistent link: https://www.econbiz.de/10014026811

The impact of entry and merger on the price of mobile telecommunications services

Houngbonon, Georges Vivien - 2015

operator in France and the merger between the third and the fourth mobile operators in Austria. Using a hedonic price model and … price of mobile data services by 4 dollars per Gigabyte; contrary to the merger in the Austrian market which lowers the unit … the static ones in the mobile telecommunications industry. Therefore, a merger from four to three mobile operators may be …

Persistent link: https://www.econbiz.de/10011445483