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Competition for flexible distribution resources in a "smart" electricity distribution network
Tangerås, Thomas P. - 2020
efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the … following efficiency rankings of market structures: Aggregators competing for FDRs are more efficient than a distribution system …
Persistent link: https://www.econbiz.de/10012264082
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Strategic Behaviour, Resource Valuation and Competition in Electricity Markets
Espinosa, Miguel Andrés; Riascos, Alvaro - 2010
smaller if agents had played optimally. Revealed costs show a substantial gain in efficiency in the Vickrey auction compared …
Persistent link: https://www.econbiz.de/10014196580
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Vertical Integration and Capacity Competition in Electricity Markets
Walshaw, Rowan; Meagher, Kieron - 2008
This paper characterises the impact of vertical integration on price equilibria and incentives to strategically withhold capacity in a wholesale electricity auction. A two-stage game is analysed where vertically integrated firms first declare the quantity of electricity available and then...
Persistent link: https://www.econbiz.de/10014214770
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Competition, Contracts, and Entry in the Electricity Spot Market
Newbery, David M. G. - 1998
The supply function model of the English electricity spot market is extended to include a contract market and contestable entry, both of which have dramatic effects on the determination of equilibrium. I present an analytically tractable model that can be solved with contracts, variable numbers...
Persistent link: https://www.econbiz.de/10014219960
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Pivotal Suppliers and Market Power in Experimental Supply Function Competition
Brandts, Jordi; Reynolds, Stanley S.; Schram, Arthur J. … - 2011
competition, akin to the competition in wholesale electricity markets. An acute form of market power may arise if a supplier is …
Persistent link: https://www.econbiz.de/10014186002
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Preventing Monopoly or Discouraging Competition? The Perils of Price-Cost Tests for Market Power in Electricity
Brennan, Tim - 2006
Allegations of market power in wholesale electricity sales are typically tested using price-cost margins. Such tests are inherently suspect in markets, such as electricity, subject to capacity constraints. In such markets, prices can vary with demand while quantity and thus cost measures remain...
Persistent link: https://www.econbiz.de/10014060636
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Capacity Mechanisms and the Technology Mix in Competitive Electricity Markets
Holmberg, Par; Ritz, Robert A. - 2020
Capacity mechanisms are increasingly used in electricity market design around the world yet their role remains hotly debated. In this paper, we introduce a new benchmark model of a capacity mechanism in a competitive electricity market with many different generation technologies. We consider two...
Persistent link: https://www.econbiz.de/10014095436
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Contested Places, Utility Pole Spaces : A Competition and Safety Framework for Analyzing Utility Pole Association Rules, Roles, and Risks
Sandoval, Catherine J.K - 2023
contested places where competition, safety, and reliability meet. Yet, regulators and academics have largely overlooked the … risks Joint Pole Committees (JPCs) pose for energy and communications safety, service, competition, and regulation. This …, competition, and accountable governance at the forefront of utility regulation. This article lifts the veil over JPC practices …
Persistent link: https://www.econbiz.de/10014254996
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Does competition justify inequality?
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2015 - Revised version, November 2015
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011404392
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Does competition justify inequality?
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2015
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011405188