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Taxation and Market Power [PDF]
AbstractWe analyze the incidence and welfare effects of unit sales tax increases in experimental monopoly and Bertrand markets. We find, in line with economic theory, that firms with no market power are able to shift a high share of the tax burden to consumers, independent of whether buyers are automated or human players.
Florian Morath+4 more
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Market Power and Inflation [PDF]
Market power exercised by firms has become central to macroeconomics. Recent theoretical work highlights the importance of the relation between market power and inflation. We examine this relation for individual firms in eleven U.S. industries. Our econometric framework exploits restrictions from dynamic theory and information from financial markets to
Robert S. Chirinko, Steven M. Fazzari
openalex +7 more sources
Perfect competition can be approximated in an environment with differentiated goods, heterogeneous firms, and frictions of trading. This paper considers an environment where sellers sell differentiated goods to buyers, and frictions of trading are ...
Rafael Guthmann
doaj +3 more sources
Research on Rural Comprehensive Energy Service Operation Based on Data-driven of Electric Power Internet of Things [PDF]
In order to promote the revolution of energy production and consumption, and build a clean, low-carbon, safe and efficient energy system, the research on rural comprehensive energy service operation based on the data drive of electric power Internet of ...
Qian Yuxuan+4 more
doaj +1 more source
Security Margin Assessment Method of Centralized Spot Market Based on Information Entropy [PDF]
In the centralized spot market, each participant pursues the maximization of economic benefits, which leads to the operation condition of the power grid closer to the security boundary.
Leng Yue+5 more
doaj +1 more source
A Time-Varying Incentive Optimization for Interactive Demand Response Based on Two-Step Clustering
With the increasing marketization of electricity, residential users are gradually participating in various businesses of power utility companies, and there are more and more interactive adjustments between load, source, and grid.
Fei Li+7 more
doaj +1 more source
New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market
As China has declared its pledge on peak emission and carbon neutrality and the target of building a new power system, the new energy in China is undergoing a period of rapid development.
ZHOU Ziqing+5 more
doaj +1 more source
With the announcement of the carbon peaking and carbon neutrality target in China as well as the launch of the nationwide green power renewable generation trading, one of the key issues is how to design an effective renewable portfolio standard (RPS) and
Yidi Zhang+9 more
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Market power in California's water market [PDF]
AbstractWe estimate market power in California's surface water market. Market power may distort the potential welfare gains from water marketing. We use a Nash‐Cournot model and derive a closed‐form solution for the extent of market power in a water market setting.
Bos, Charles+4 more
openaire +6 more sources
Since the power grid grows and the necessity for higher system efficiency is due to the increasing number of renewable energy penetrations, power system operators need a fast and efficient method of operating the power system. One of the main problems in
Muhammad Bachtiar Nappu+2 more
doaj +1 more source