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We investigate the impact of consumer search and competition on pricing strategies in Germany’s electricity retail. We … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a …
Persistent link: https://www.econbiz.de/10011446819
electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent …We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10012897788
Analyzing price data from sequential German electricity markets, namely the day-ahead and intraday auction, a puzzling … underlying demand profile. As there is evidence that widespread models for electricity forward premiums are not applicable to the …
Persistent link: https://www.econbiz.de/10011750488
electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent …We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011917544
This note presents an ordered search model in which consumers search both for price and product fitness. We construct … an equilibrium in which there is price dispersion and prices rise in the order of search. The top firms in consumer … search process, though charge lower prices, earn higher profits due to their larger market shares. …
Persistent link: https://www.econbiz.de/10011523970
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a …
Persistent link: https://www.econbiz.de/10012994844
Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare …
Persistent link: https://www.econbiz.de/10013106737
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 … case, welfare is the same with all or no consumers on smart meters. -- Electricity ; Real-time Pricing ; Market Power …
Persistent link: https://www.econbiz.de/10009666499
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a …
Persistent link: https://www.econbiz.de/10011447766
information is revealed within a sequential bargaining game, we identify price discrimination based on ex-ante perceived search … structures that segment consumers based on their willingness to search and bargain. Finally, we show that incomplete subsidy pass … in consumers' willingness and ability to search and bargain …
Persistent link: https://www.econbiz.de/10012890707