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A Model of Market Power in Electricity Industries Subject to Peak Load Pricing

Authordc.contributor.authorArellano, María Soledad 
Authordc.contributor.authorSerra Banfi, Pablo 
Admission datedc.date.accessioned2018-07-23T20:40:14Z
Available datedc.date.available2018-07-23T20:40:14Z
Publication datedc.date.issued2007
Cita de ítemdc.identifier.citationEnergy Policy Vol. 35, Issue 10, October 2007, Pages 5130-5135es_ES
Identifierdc.identifier.issn0301-4215
Identifierdc.identifier.otherdoi:10.1016/j.enpol.2007.04.030
Identifierdc.identifier.urihttp://repositorio.uchile.cl/handle/2250/150172
Abstractdc.description.abstractThis paper studies the exercise of market power in price-regulated electricity industries under peak-load pricing and merit order dispatching, but where investment decisions are taken by independent generating companies. Within this context, we show that producers can exercise market power by under-investing in base-load capacity, compared to the welfare-maximizing configuration. We also show that when there is free entry with an exogenous fixed entry cost that is later sunk, more intense competition results in higher welfare but fewer firms.es_ES
Lenguagedc.language.isoenes_ES
Publisherdc.publisherElsevieres_ES
Type of licensedc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
Link to Licensedc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
Sourcedc.sourceEnergy Policyes_ES
Keywordsdc.subjectElectricityes_ES
Keywordsdc.subjectMarket poweres_ES
Keywordsdc.subjectPeak-load pricinges_ES
Títulodc.titleA Model of Market Power in Electricity Industries Subject to Peak Load Pricinges_ES
Document typedc.typeArtículo de revistaes_ES
Catalogueruchile.catalogadorrcaes_ES
Indexationuchile.indexArtículo de publicación ISIes_ES
Indexationuchile.indexArtículo de publicación SCOPUSes_ES


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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile