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dc.contributor.authorMathiesen, Lars
dc.contributor.authorSkaar, Jostein
dc.contributor.authorSørgard, Lars
dc.date.accessioned2006-08-08T07:09:27Z
dc.date.available2006-08-08T07:09:27Z
dc.date.issued2003-12
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/162844
dc.description.abstractThe purpose of this paper is to analyse how market power may affect the allocation of production between seasons (summer and winter) in a hydro power system with reservoirs and where inflow in winter is uncertain. We find that even without market power we expect lower average prices during summer than during winter. Furthermore, we find that market power may in some situations lead to more sales during summer and in other situations to less sales during summer. Thus market power is found to have an ambiguous effect on the supply shortage in years with low inflow.en
dc.format.extent410465 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Economicsen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2003:24en
dc.subjecthydropoweren
dc.subjectstorageen
dc.subjectreservoirsen
dc.subjectmarket poweren
dc.titleWater with power : market power and supply shortage in dry yearsen
dc.typeWorking paperen


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