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Game-theoretical, Strategic forward Contracting in the Electricity Market

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Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers' market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...

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Competition in the Italian electricity market : the unforeseen social welfare losses of reform

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Game-theoretical, Strategic forward Contracting in the Electricity Market

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Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers’ market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...

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