Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and …

We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed … increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power. In the Bertrand …

The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this …

We examine the effects of restructuring electricity markets on capacity investments, retail prices and welfare when …

We study the role of vertical structure in determining generating capacities and retail prices in the electricity …

We study the role of vertical structure in determining generating capacities and retail prices in the electricity …

by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

revenue in case of trade. As an application we investigate the choice between posted prices and auctions and demonstrate that … strategy to estimate revenues of posted prices and auctions that takes selling probabilities explicitly into account, and …

revenue in case of trade. As an application we investigate the choice between posted prices and auctions and demonstrate that … technique to compare the selling probabilities and revenues of posted prices and auctions and confirm our theoretical …