We investigate wholesale demand response to hourly price movements in the Ontario wholesale electricity market using … Supplier Index, which are utilized in a Cournot competition model to structurally estimate price elasticity of demand during … hit and natural gas prices plummeted) to measure the demand responses to irregular price movements and find that price …

residual demand approach advanced by Goldberg and Knetter (1999). The empirical evidence for the American destination market …

the decentralized coordination mechanism inherent in all competitive markets. Coordinating supply and demand is not the … mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …

and the procedure used to estimate the demand model …

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

We examine welfare effects 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 …