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With the increasing use of different types of auctions in market designing, modeling of participants’ behaviors to evaluate the market structure is one of the main discussions in the studies related to the deregulated power industries. In this article, we apply an approach of the optimal...
Persistent link: https://www.econbiz.de/10011565311
Mit der Liberalisierung des Elektrizitätsmarktes in Deutschland hat sich die Marktkonzentration auf der Angebotsseite stark erhöht. In der öffentlichen Diskussion wird hierin eine der Ursachen für die gestiegenen Strompreise gesehen. Ingo Ellersdorfer zeigt auf der Grundlage eines...
Persistent link: https://www.econbiz.de/10014015057
The question of third-party access to the networks has become central to the debate around the liberalisation of the European electricity markets due to the natural monopoly characteristic of the transmission network. The European Union's electricity directive provides three institutional...
Persistent link: https://www.econbiz.de/10001725500
in which operators compete for investment and electricity production under imperfect Cournot competition. The main aim of …
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; competition policy ; market regulation …
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runs, and face a threat of entry. Higher competition increases deposit rates and bank fragility, resulting in an … intermediate socially optimal level of bank competition. We provide a novel theory of bank opacity. The cost of opacity is more …
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