We ask under what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain contracts that mitigate their market power. However, if...

We ask under what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain contracts that mitigate their market power. However, if...

We examine the extent to which vertical and horizontal market structure can together explain incomplete pass-through. We develop a model that highlights the interactions between horizontal and vertical structure and their effects on pass-through from commodity to wholesale prices and wholesale...

We introduce the local farmland market concepts in order to understand the operation of French farmland sale market. We perform an empirical analysis of farmland prices based on farmland sale market in the Bretagne Region of France. The descriptive statistics show that the price of farmer to...

Increasing requirements in the US to blend higher volumes of advanced biofuels with gasoline has increased the importance of imports of sugarcane-based ethanol from Brazil. Using the residual supply approach we test for oligopsony power of US importers in importing ethanol from Brazil. The...

This article documents the need for reform of milk pricing in the Northeast. The New York price gouging law can be recast as a fair share law. This new milk policy “kills two birds with one stone.” It corrects regional inequities in raw milk pricing by reforming the pricing of milk at retail...