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Antitrust Remedies for Labor Market Power
, 2018Recent research indicates that labor market power has contributed to wage inequality and economic stagnation. Although the antitrust laws prohibit firms from restricting competition in labor markets like in product markets, the government does little to ...
S. Naidu, E. Posner, E. Weyl
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Power Markets and Market Power*
The Energy Journal, 1995Privatization was intended to make the English bulk electricity market sufficiently competitive to avoid the need for regulation, but two generators set the spot price over 90% of the time though they supply less than 60% of total electricity generated.
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Wind power and market power in competitive markets
Energy Policy, 2010Abstract Average market prices for intermittent generation technologies are lower than for conventional generation. This has a technical reason but can be exaggerated in the presence of market power. When there is much wind smaller amounts of conventional generation technologies are required, and prices are lower, while at times of little wind prices
Karsten Neuhoff, Paul Twomey
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Market Power Mitigation Clearing Mechanism Based on Constrained Bidding Capacities
IEEE Transactions on Power Systems, 2019Market power has been a problematic issue for fair and transparent trades in various electricity markets. To deal with the problems of existing market power mitigation methods, such as complicated judgment criteria, excessive supervision probability ...
Hongye Guo, Qixin Chen, Q. Xia, C. Kang
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SSRN Electronic Journal, 2020
In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long-distance transmission lines. Recently, decentralized local power markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and welfare in local power markets.
Pio Baake +3 more
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In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long-distance transmission lines. Recently, decentralized local power markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and welfare in local power markets.
Pio Baake +3 more
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Market Power and its Determinants in the Chinese Railway Industry
Transportation Research Part A: Policy and Practice, 2018This study measures the market power of China’s national railway operator and analyzes its contributing and determining factors. A newly-developed stochastic frontier method is used to estimate the Lerner indexes of the operator’s 18 regional railway ...
Hongchang Li +3 more
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Journal of Strategic Marketing, 2004
This paper argues that research on power has suffered from fragmentation and limited convergence, and that the application of power theory in marketing has been limited to a very small number of areas. In order to obviate these limitations, and to revive interest in an area that has the potential to make further important contributions to research on ...
Omar Merlo +2 more
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This paper argues that research on power has suffered from fragmentation and limited convergence, and that the application of power theory in marketing has been limited to a very small number of areas. In order to obviate these limitations, and to revive interest in an area that has the potential to make further important contributions to research on ...
Omar Merlo +2 more
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2016
Abstract This chapter explains that market power is a matter of degree, and reviews the thresholds commonly used, including dominance and essential facility (as well as thresholds outside competition law, such as economic dependence and gatekeeper status in digital markets). The main indicators of market power are market shares and entry
Gunnar Niels +2 more
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Abstract This chapter explains that market power is a matter of degree, and reviews the thresholds commonly used, including dominance and essential facility (as well as thresholds outside competition law, such as economic dependence and gatekeeper status in digital markets). The main indicators of market power are market shares and entry
Gunnar Niels +2 more
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Market power, market power mitigation, and efficiency
IEEE PES General Meeting, 2010In this panel session paper, we discuss the interaction of market power in electricity markets, market power mitigation procedures in place in various independent system operators in North America, particularly in the context of transmission constraints, and the efficiency of the markets.
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, 2017
This study discusses two widely used approaches in the New Empirical Industrial Organization (NEIO) literature and examines the strengths and weaknesses of the Production‐Theoretic Approach (PTA) and the General Identification Method (GIM) for the ...
O. Perekhozhuk +3 more
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This study discusses two widely used approaches in the New Empirical Industrial Organization (NEIO) literature and examines the strengths and weaknesses of the Production‐Theoretic Approach (PTA) and the General Identification Method (GIM) for the ...
O. Perekhozhuk +3 more
semanticscholar +1 more source