We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known … increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power. In the Bertrand … case, welfare is the same with all or no consumers on smart meters. -- Electricity ; Real-time Pricing ; Market Power …

for such sharing and its ensuing welfare effects. We show that these incentives depend on the type of customer data and on … detrimental to consumer surplus, while the effect on social welfare can be positive. -- Customer Data Sharing ; Price …

negotiation model, we characterize the welfare impact of search frictions and quantify the role of search costs and brand loyalty …

This study explores the welfare impact of personalized pricing for consumers in a duopolistic two-sided market, with …

well as whether social welfare is enhanced or diminished, largely depends on the specific economic setting under …

This paper studies the relationship between horizontal product differentiation and the welfare effects of third … and complementarity for price discrimination to improve social welfare. In particular, we show that price discrimination … can improve social welfare if firms' brands are substitutes in a market where the discriminatory price is higher and …