Add to ORKGWe use hourly bid data from the Spanish day-ahead electricity auction to obtain a lower bound measure of generators market power. Our method is not based on cost estimates but rather on the different behavior of strategic generators as compared to the behavior of more competitive producers. The results indicate that, despite the price cap effect of regulation in this market, the larger operators in the day-ahead market are able to increase prices above the competitive benchmark by a significant amount
Abstracts: In this paper we point out various factors which should be taken into consideration when...
In the process of regulatory reform in the electric power industry, the mitigation of market power i...
We examine the bidding behavior of firms competing in the newly created spot market for electricity ...
We use hourly bid data from the Spanish day-ahead electricity auc-tion to obtain a lower bound measu...
Published as an article in: Journal of Regulatory Economics, 2010, vol. 37, issue 1, pages 42-69.We ...
In the context of the recent electricity market reforms in Europe and the US, we evaluate the perfor...
In this paper we check whether generator's bid behavior at the Spanish whosale electricity market is...
Abstract—Competition in day-ahead electricity markets has been established through auctions where ge...
In the electricity spot market the various competitive levels, as well as their subsequent changes i...
The electricity spot markets can be considered as capacity constrained markets (Kreps and Scheinkman...
In this paper we measure the impact of regulatory measures which affected the Spanish electricity wh...
In deregulated power markets, power firms bid into the day-ahead power market either with buy offers...
This paper proposes novel indices for the measurement of market power in the competitive electriciry...
The Spanish electricity market has two particularities: 1) the high concentration in the hands of tw...
Market power is the ability of a market participant to alter the market price of a good or service w...
Abstracts: In this paper we point out various factors which should be taken into consideration when...
In the process of regulatory reform in the electric power industry, the mitigation of market power i...
We examine the bidding behavior of firms competing in the newly created spot market for electricity ...
We use hourly bid data from the Spanish day-ahead electricity auc-tion to obtain a lower bound measu...
Published as an article in: Journal of Regulatory Economics, 2010, vol. 37, issue 1, pages 42-69.We ...
In the context of the recent electricity market reforms in Europe and the US, we evaluate the perfor...
In this paper we check whether generator's bid behavior at the Spanish whosale electricity market is...
Abstract—Competition in day-ahead electricity markets has been established through auctions where ge...
In the electricity spot market the various competitive levels, as well as their subsequent changes i...
The electricity spot markets can be considered as capacity constrained markets (Kreps and Scheinkman...
In this paper we measure the impact of regulatory measures which affected the Spanish electricity wh...
In deregulated power markets, power firms bid into the day-ahead power market either with buy offers...
This paper proposes novel indices for the measurement of market power in the competitive electriciry...
The Spanish electricity market has two particularities: 1) the high concentration in the hands of tw...
Market power is the ability of a market participant to alter the market price of a good or service w...
Abstracts: In this paper we point out various factors which should be taken into consideration when...
In the process of regulatory reform in the electric power industry, the mitigation of market power i...
We examine the bidding behavior of firms competing in the newly created spot market for electricity ...