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market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …
Persistent link: https://www.econbiz.de/10011553026
The degree of liberalization in OECD electricity markets varies considerably across countries. Commonly explained by diverging economic performances, corruption levels or government ideologies, this paper suggest another potential reason for cross-national differences in market reforms: given...
Persistent link: https://www.econbiz.de/10010492456
The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....
Persistent link: https://www.econbiz.de/10013132898
, while we highlight the major points concerning competition regulation, which are related to the effort for the establishment … and defines the application of European competition law to this framework of restructuring. We firstly present the … law - the general framework of the application of competition rules to energy market, under a scope of combination of …
Persistent link: https://www.econbiz.de/10013069761
market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …
Persistent link: https://www.econbiz.de/10012979689
The introduction of retail competition in various states in United States was expected to lower electricity bills … competitive retail electricity market under continuous price regulation, and discuss policy implications …
Persistent link: https://www.econbiz.de/10012930852
transition from regulation to product market competition. First, we develop a theoretical framework that models this particular … appropriation effect which has decreased innovation by 19.5 percent after deregulation, and (b) the competition effect which has … quality and generality have both declined after the introduction of downstream competition …
Persistent link: https://www.econbiz.de/10012749984
This paper discusses the current state of product market competition in Iceland, including the legal and regulatory … competition law since the early 1990s have strengthened competitive forces in many sectors of the economy, and proposed amendments … have helped vigorous competition to develop in most segments, but there remain problems in pricing of access to the local …
Persistent link: https://www.econbiz.de/10012442998
Russia in 2003 embarked on the restructuring of its electricity sector. The reform is intended to introduce competition … characterised by real competition based on economically meaningful prices. There are two dangers here. The first is that private …
Persistent link: https://www.econbiz.de/10012444056
policies, a number of challenges remain. Although there are few sectors of the economy from which competition policy and law … competition enforcement. Intellectual property rights create special challenges for competition policy and some problems have … setbacks, reflecting both the difficulties in ensuring competition in such industries and policy mistakes. …
Persistent link: https://www.econbiz.de/10012444089