Similar Search Results

Okullo, Samuel Jovan - 2016

restrictive than that of a Cournot-Nash oligopoly, is found to still be more accommodative than that of a perfect cartel. The … participation in the cartel. This is contrary to predictions of the standard cartel model that such producers should be allocated … relatively more stringent quotas. Furthermore, we find that cartel collusion is likely to be sustained for elastic than inelastic …

Persistent link: https://www.econbiz.de/10012996615

Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe

Huppmann, Daniel - 2013

This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders, market power increases endogenously as the spare capacity of the competitive fringe goes down. This effect is due to the specific cost function characteristics of extractive...

Persistent link: https://www.econbiz.de/10009771871

Exploration and Exhaustibility in Dynamic Cournot Games

Ludkovski, Michael - 2011

We study the stochastic effect of resource exploration in dynamic Cournot models of exhaustible resources, such as oil. We first treat the case of a monopolist who may undertake costly exploration to replenish his diminishing reserves. We then consider a stochastic game between such an...

Persistent link: https://www.econbiz.de/10013130312

Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe ; conference paper

Huppmann, Daniel - 2013

Persistent link: https://www.econbiz.de/10010342832

Assessing market structures in resource markets : an empirical analysis of the market for metallurgical coal using various equilibrium models

Lorenczik, Stefan; Panke, Timo - 2015

The prevalent market structures found in many resource markets consist of a high concentration on the supply side and a low demand elasticity. Market results are therefore frequently assumed to be an outcome of strategic interaction between producers. Common models to investigate the market...

Persistent link: https://www.econbiz.de/10010530599

Congestion management games in electricity markets

Ehrhart, Karl-Martin; Eicke, Anselm; Hirth, Lion; … - 2022

This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information about competitors' costs and a finite set of providers. We find that these extensions...

Persistent link: https://www.econbiz.de/10013464283

Analysis of a capacity-based redispatch mechanism

Ehrhart, Karl-Martin; Eicke, Anselm; Hirth, Lion; … - 2024

This paper discusses a capacity-based redispatch mechanism in which awarded market participants are compensated for their availability for redispatch, rather than activation. The rationale is to develop a market design that prevents so-called 'inc-dec gaming' when including flexible consumers...

Persistent link: https://www.econbiz.de/10014547727

A stochastic generalized Nash-Cournot model for the northwestern European natural gas markets: The S-GaMMES model

Abada, Ibrahim; Jouvet, Pierre-André - Chaire d'Économie du Climat, Université … - 2013

This article presents a stochastic dynamic Generalized Nash-Cournot model to describe the evolution of the natural gas markets. The major gas chain players are depicted including: producers, consumers, storage, and pipeline operators, as well as intermediate local traders. Our economic structure...

Persistent link: https://www.econbiz.de/10011106572

The Behavior of Iranian Restructured Electricity Market in Supply Function Equilibrium Framework

Motamedi, Majid; Moeeni, Shahram; Gharakhani, Salman; … - In: International Journal of Academic Research in Business … 4 (2014) 1, pp. 178-191

The Iranian electricity industry has been restructured following the global experiences. The main objective of restructuring is transition from natural monopoly towards competition in order to improve efficiency. Currently, the Iranian electricity market is performing as imperfect competition...

Persistent link: https://www.econbiz.de/10010850264

Electric Vehicles in Imperfect Electricity Markets : A German Case Study

Schill, Wolf-Peter - 2011

We analyze the impacts of a hypothetical fleet of plug-in electric vehicles on the imperfectly competitive German electricity market with a game-theoretic model. Electric vehicles bring both additional demand and additional storage capacity to the market. We determine their effects on prices,...

Persistent link: https://www.econbiz.de/10014187378