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Real-time Pricing in Power Markets: Who Gains?

Boom, Anette; Schwenen, Sebastian - 2013

We examine welfare e ffects of real-time pricing in electricity markets. Before stochastic energy demand is known …, competitive retailers contract with final consumers who exogenously do not have real-time meters. After demand is realized, two … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed …

Persistent link: https://www.econbiz.de/10012142375

Off-balance sheet activities, inefficiency and market power of U.S. banks

Wheelock, David C.; Wilson, Paul W. - 2019

The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...

Persistent link: https://www.econbiz.de/10011998070

Competition and market power in the Latin American banking sector

Lluberas, Rodrigo - 2025

The functioning of the banking sector is key for economic growth. In this paper, we first gather banks' balance sheet monthly regulatory information in a consistent manner for seven Latin American countries. Second, we estimate lending markups and deposits markdowns in each country over time....

Persistent link: https://www.econbiz.de/10015208863

FRED-QD: a quarterly database for macroeconomic research

McCracken, Michael W.; Ng, Serena - 2020

In this paper we present and describe a large quarterly frequency, macroeconomic database. The data provided are closely modeled to that used in Stock and Watson (2012a). As in our previous work on FRED-MD, our goal is simply to provide a publicly available source of macroeconomic “big data”...

Persistent link: https://www.econbiz.de/10012216764

Green investment in the EU and the US : markup insights

Bruni, Anastasia - 2025

This paper examines the effect of green investments on market power. I measure the market power as markup following the method provided in De Loecker and Warzynski (2012). For green investments, I consider specifically the investments of firms in energy efficient technologies, both as the binary...

Persistent link: https://www.econbiz.de/10015196943

Optimal sin taxation and market power

O'Connell, Martin; Smith, Kate - 2021

application to sugar-sweetened beverage taxation. We estimate a detailed model of demand and supply for the UK drinks market …

Persistent link: https://www.econbiz.de/10012623743

Auctioning vs. grandfathering in cap-and-trade systems with market power and incomplete information

Alvarez González, Francisco; André, Francisco J. - 2013

We compare auctioning and grandfathering as allocation mechanisms of emission permits when there is a secondary market with market power and the firms have private information. Based on real-life cases such as the EU ETS, we consider a multi-unit, multi-bid uniform auction, modelled as a...

Persistent link: https://www.econbiz.de/10010226080

Incentives for price manipulation in emission permit markets with Stackelberg competition

André, Francisco J.; Castro, Luis M. de - 2015

It has been shown in prior research that cost effectiveness in the competitive emissions permit market could be affected by tacit collusion or price manipulation when the corresponding polluting product market is oligopolistic. We analyze these cross market links using a Stackelberg model to...

Persistent link: https://www.econbiz.de/10010476200

Restructuring Electricity Markets when Demand is Uncertain: Effects on Capacity Investments, Prices and Welfare

Buehler, Stefan; Boom, Anette - 2006

demand is uncer- tain. We study the following market configurations: (i) integrated monopoly, (ii) integrated duopoly with … retail prices (but not vice versa), we find that generators install sufficient capacity to serve retail demand in each market …

Persistent link: https://www.econbiz.de/10012142329

Restructuring the Electricity Industry: Vertical Structure and the Risk of Rent Extraction

Boom, Anette; Buehler, Stefan - 2014

industry. Allowing for uncertain demand, we compare three market configurations: (i) integrated monopoly, (ii) integrated …

Persistent link: https://www.econbiz.de/10012142377