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Vertical Arrangements, Market Structure, and Competition : An Analysis of Restructured U.S. Electricity Markets

Bushnell, James; Mansur, Erin T.; Saravia, Celeste - 2005

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

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

The determinants of entry in the electricity generation sector in OECD countries : a focus on renewable energy

Benatia, David; Koźluk, Tomasz - 2016

Ease of entry is crucial to well-functioning electricity markets. This paper investigates the patterns of entry in the generation segment of the electricity industry of OECD countries and seeks to provide an understanding of their key determinants. It aims to derive implications for the design...

Persistent link: https://www.econbiz.de/10011588355

Mergers in Innovative Industries : The Role of Product Market Competition

Marshall, Guillermo - 2016

&D and consumer welfare in the long run, which is in contrast to arguments provided by antitrust agencies in recent merger … cases. We provide conditions for when a merger increases industry innovation and when evaluating mergers based on static … price effects is aligned with a fully dynamic merger evaluation. These conditions are based on properties of the product …

Persistent link: https://www.econbiz.de/10012985316

Network unbundling and flawed coordination : lessons from electricity and railways

Brunekreeft, Gert - 2014

What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be replaced by external market mechanisms. This is a...

Persistent link: https://www.econbiz.de/10010423547

The impact of the regulatory reform process on R&D investment of European electricity utilities : conference paper

Schmitt, Stephan; Kucsera, Denes - 2013 - This version: 25.10.2012

The aim of this paper is to give deeper insights into the impact of regulatory reforms and privatization on R&D spending of electricity utilities. Building on a panel data set including the biggest European utilities from eight EU-countries over a period from 1985 until 2010, we find a strong...

Persistent link: https://www.econbiz.de/10010337284

Product Market Competition and Upstream Innovation : Theory and Evidence from the US Electricity Market Deregulation

Sanyal, Paroma - 2015

organizational structure. Second, we use the US electricity deregulation in the 1990's to test the model. Using patents as a metric … for innovation, we identify two channels through which the effects of deregulation are transmitted to innovation: (a) the … appropriation effect which has decreased innovation by 19.5 percent after deregulation, and (b) the competition effect which has …

Persistent link: https://www.econbiz.de/10012749984

Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine D. - 2005

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...

Persistent link: https://www.econbiz.de/10014028681

Introducing Competition and Deregulating the British Domestic Energy Markets : A Legal and Economic Discussion

Harker, Michael; Price, Catherine Waddams - 2014

In this article we chart the development of competition and deregulation of the British retail energy markets …

Persistent link: https://www.econbiz.de/10014052667

Market power and heterogeneous pass-through in German electricity retail

Duso, Tomaso; Szücs, Florian - 2016

We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have...

Persistent link: https://www.econbiz.de/10011553026

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