Forward Reliability Markets: Less Risk, Less Market Power, More Efficiency [PDF]
A forward reliability market is presented. The market coordinates new entry through the forward procurement of reliability options—physical capacity bundled with a financial option to supply energy above a strike price.
Peter Cramton, Steven Stoft
core
Market power in an exhaustible resource market: The case of storable pollution permits [PDF]
Motivated by the structure of existing pollution permit markets, we study the equilibrium path that results from allocating an initial stock of storable permits to a large polluting agent and a competitive fringe.
Juan-Pablo Montero, Matti Liski
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Market Power and Relative Price Adjustment: Evidence from the UK
Empirical studies of price transmission often suggest that imperfect pass-through may be due to market power exerted by food retailers. However, these econometric studies essentially lack any formal basis for tying the role of market power with data ...
Morgan, C. Wyn, McCorriston, Steve
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Characterising market power and its determinants in the Zambian banking indudstry
This article evaluates the intensity of competition by estimate a bank-specific and time varying Lerner Index as a measure of market power by Zambian banks in the post-reform period.
Simpasa, Anthony
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How Market Power Changes in Monopoly: Using Lau’s Hessian Identities
This research examines market power using Lau’s Hessian Identity relationships based on the empirical properties of duality theory. We compare the performance of the proposed dual approach using Lau’s Hessian Identity relationships with the simple ...
Featherstone, Allen M., Yamaura, Koichi
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Gradual introduction of carbon allowance auctions facilitates sustainable emission reductions in the power sector. [PDF]
iScienceLi ZY +6 more
europepmc +1 more source
EXPORTERS' MARKET POWER IN AGRICULTURAL IMPORT MARKETS IN KOREA
Korea relies more than 70 percent of food supply on a limited number of exporting counties. If the suppliers possess market power, the food security matters.
Yang, Seung-Ryong, Lee, Won-Jin
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An advanced reliability reserve incentivizes flexibility investments while safeguarding the electricity market. [PDF]
iScienceKlaucke F +4 more
europepmc +1 more source
MEAT-PACKER CONDUCT IN FED CATTLE PRICING: MULTIPLE-MARKET OLIGOPSONY POWER
The exercise of market power across multiple geographic fed cattle markets is measured with an econometric model which links behavior of the margin between boxed beef and regional fed cattle prices to an oligopsony model of multiple-market conduct.
Koontz, Stephen R., Garcia, Philip
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