time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate … market prices. These fluctuations can induce estimates of market power that ignore dynamic costs to overstate markup …

of the electricity market in the U.S. as our case study, we find support for our theoretical predictions. Furthermore, we …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated …

economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA …

I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal …

energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of …

In the automobile industry, as in many tradable goods markets, firms earn their highest market share within their … domestic market. This home market advantage persists despite substantial integration of international markets during the past … several decades. The goal of this paper is to quantify the supply- and demand-driven sources of the home market advantage and …

role in the US electricity generation mix. In recent years, the region's wholesale natural gas and electricity markets have … region and drives up gas and electricity prices. The firms observed to withhold pipeline capacity also own non …-gas electricity generation assets in New England that benefit from their gas-fired competitors paying higher fuel input costs. We …

We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord … Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to … physical settlement during the second market phase of the EU ETS. We employ a series of estimation methods that allow for an …

market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments … — taxation on polluters, feed-in tariffs for clean entrants, and taxation of consumption — cannot correct these two market …

a massive expansion of electricity from renewable energy sources in Germany over the last decade. The increase in non …-competitive renewable power generation though went hand in hand with a substantial rise in electricity prices with consumers paying for the …