Browsing Department of Business and Management Science by Subject "market power"
Now showing items 1-4 of 4
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Market Power Under Nodal and Zonal Congestion Management Techniques
(Discussion paper;14/17, Working paper, 2017-11-07)Contrary to the common thought that nodal pricing provides more opportunities for a strategic player to exert market power than the zonal model, we show that in the latter one because of the need for re-dispatch or ... -
Measuring Market Power in Gasoline Retailing: A Market- or Station Phenomenon?
(Discussion paper;4/18, Working paper, 2018-04-19)Applying detailed consecutive daily micro data at the gasoline station level from Sweden we estimate a structural model to uncover the degree of competition in the gasoline retail market. We find that retailers do exercise ... -
Real-time versus day-ahead market power in a hydro-based electricity market
(Discussion paper;06/14, Working paper, 2014-02)We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested ... -
Systematic Analysis of the Evolution of Electricity and Carbon Markets under Deep Decarbonisation
(Discussion paper;39/14, Working paper, 2014-12)The decarbonisation of electricity generation presents policy-makers in many countries with the delicate task of balancing initiatives for technological change whilst maintaining a commitment to market liberalisation. ...