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This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM)...
Persistent link: https://www.econbiz.de/10010187157
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10012938866
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10012886259
Persistent link: https://www.econbiz.de/10010428231
authorized during the same time period. We also provide the first comparison of legal and illegal cartels in Germany. Legal … the industries involved. The construction industries are the most cartelized sectors in Germany (29.8% of all legal …
Persistent link: https://www.econbiz.de/10008667616
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konventionelle Kraftwerke. Wir stellen deshalb ein mögliches Kapazitätsmarktmodell für Deutschland vor, weisen aber zugleich darauf … hin, dass ein derartiges System kurzfristig weder notwendig ist noch für Deutschland isoliert eingeführt werden sollte …The fundamental change of energy policy in Germany has lead to a discussion how security of electricity supply will be …
Persistent link: https://www.econbiz.de/10009485785
The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....
Persistent link: https://www.econbiz.de/10009667279
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