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This paper examines a decade of retail competition in the Dutch electricity market and discusses market structure …, regulation, and market performance. We find a proliferation of product variety, in particular by the introduction of quality …, but it can also indicate a strategic product differentiation to soften price competition. Although slightly downward …
Persistent link: https://www.econbiz.de/10012988960
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of … competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth … Japanese economy had difficulty in coming out of the quasi-stagnation of the past decade. Recognising that gains from more pro-competition …
Persistent link: https://www.econbiz.de/10012444046
. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken … competition and has left a legacy of government intervention. Strengthening competition requires upgrading competition policy …
Persistent link: https://www.econbiz.de/10012444204
This paper examines the relative importance of horizontal market structure, auction design, and vertical arrangements in explaining electricity prices. We define vertical arrangements as either vertical integration or long term contracts whereby retail prices are determined prior to wholesale...
Persistent link: https://www.econbiz.de/10014027930
Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between … competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost …-minimizing behavior regardless of market competitiveness, but agency models of managerial behavior suggest possible scope for competition …
Persistent link: https://www.econbiz.de/10014028681
In pursuit of economic growth and development, countries have tried to strike a balance between competition and … how the introduction of competition policies and laws in South Korea, China, India, Indonesia and the Philippines affected … role for recalibrating policies to adjust the balance between industrial concentration and competition, so that the over …
Persistent link: https://www.econbiz.de/10013101330
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
Despite the high upfront financial costs associated with the existing technologies for energy storage they have become more appealing in recent years in response to the increasing importance of non-dispatchable sources of generation in the energy systems of developed countries. One of the...
Persistent link: https://www.econbiz.de/10013057147
We study the interdependency between two markets, where the first involves offering production capacity, while on the second actual production is sold. The key issue is that the expected product market outcome determines the opportunity cost for bidding at the capacity market while the capacity...
Persistent link: https://www.econbiz.de/10009743582
competition, akin to the competition in wholesale electricity markets. An acute form of market power may arise if a supplier is …
Persistent link: https://www.econbiz.de/10014186002