Eylem Seç
Market Power in Markets for Power
Başlık:
Market Power in Markets for Power
Yazar:
Myatt, James, author.
ISBN:
9780438116917
Yazar Ek Girişi:
Fiziksel Tanımlama:
1 electronic resource (133 pages)
Genel Not:
Source: Dissertation Abstracts International, Volume: 79-11(E), Section: A.
Advisors: Robert Porter; Mar Reguant Committee members: Igal Hendel.
Özet:
I study how electricity generation firms exert market power, raising price above marginal cost. Typical studies of market power in electricity markets focus on how firms sustain markups in the short-run energy market. I explore other channels electricity generation firms use to strategically maximize profits. First, I analyze strategic investments and disinvestments. I find that firms with market power choose a portfolio of generators which significantly departs from a least-cost planner's optimal portfolio. Next, I test if firms that have common owners, which gives them less incentive to compete, sustain higher markups. I find evidence of this effect using a reduced-form approach, but a structural approach has less convincing conclusions. Finally, I study the capacity market, a relatively new market where generators can earn extra revenue. In a stylized model, I find that current capacity market designs result in overpaying for capacity. I then use a regulatory feature of the PJM electricity market to analyze if higher capacity prices do indeed drive higher net investment, and I find no convincing evidence.
Notlar:
School code: 0163
Konu Başlığı:
Tüzel Kişi Ek Girişi:
Mevcut:*
Yer Numarası | Demirbaş Numarası | Shelf Location | Lokasyon / Statüsü / İade Tarihi |
---|---|---|---|
XX(693348.1) | 693348-1001 | Proquest E-Tez Koleksiyonu | Arıyor... |
On Order
Liste seç
Bunu varsayılan liste yap.
Öğeler başarıyla eklendi
Öğeler eklenirken hata oldu. Lütfen tekrar deneyiniz.
:
Select An Item
Data usage warning: You will receive one text message for each title you selected.
Standard text messaging rates apply.