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Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and mitigate market power abuse in real time. The performance of automated mitigation procedures is contingent on precise estimates of firms' marginal production costs. Currently, marginal...
Persistent link: https://www.econbiz.de/10013460907
&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
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 Russian Federation is in the process of making major structural changes to its railway and electricity sectors. Both sectors will be at least partly vertically disintegrated, with the aim of creating competition in the "upstream" sector while maintaining state ownership and control of the...
Persistent link: https://www.econbiz.de/10014075403
In this article we chart the development of competition and deregulation of the British retail energy markets …
Persistent link: https://www.econbiz.de/10014052667
This paper aims at highlighting the Commission's approach towards the relation between sector specific regulation and general competition law, especially concerning energy markets and the road to Internal Market objective.We firstly present Trinko case, in order to focus on two crucial and...
Persistent link: https://www.econbiz.de/10013069619
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