Filters: partyWithName: Xu, W. (X)
2 results (50ms)|
Filters
Date Range
Extensions Types Contacts Categories |
Categories: Publication;
Types: Citation;
Tags: Assessment,
construction,
eco-footprint,
ecological,
environment,
The theoretical framework developed in this study allows development of a model of deregulated electricity markets that explains two familiar empirical findings; the existence of forward premiums and price-cost markups in the spot market. This is a significant contribution because electricity forward premiums have been previously explained exclusively by the assumptions of perfect competition and risk-averse behavior while spot markups are generally the outcome of a body of literature assuming oligopolistic competition. Our theoretical framework indicates that a certain premium for forward contracting is required for efficient allocation of generation capacity. However, due to the uniqueness of electricity and the...
Categories: Publication;
Types: Citation;
Tags: Deregulated electricity markets,
Electricity forward premium,
Oligopoly pricing
|
