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Un modelo sobre competencia en mercados de electricidad: contratos bilaterales en Colombia

Author

Listed:
  • Alex Pérez
  • Jaime Carabal�

Abstract

En este artículo desarrollamos un modelo teórico para explicar cómo las firmas generadoras eligen su posición agregada en contratos bilaterales en el mercado de electricidad colombiano. Posteriormente, proponemos una estrategia empírica para contrastar las predicciones teóricas del modelo con datos del mercado mayorista. Nuestros resultados muestran que existe evidencia a favor de las hipótesis de nuestro modelo. Las firmas tienden a ajustar sus contratos en función de la generación ideal que esperan que el operador del mercado les asigne y de la diferencia entre los costos marginales y el precio de los contratos.

Suggested Citation

  • Alex Pérez & Jaime Carabal�, 2021. "Un modelo sobre competencia en mercados de electricidad: contratos bilaterales en Colombia," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, vol. 87(5).
    • Handle: RePEc:col:000090:018918
    as

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    File URL: https://revistas.uniandes.edu.co/doi/pdf/10.13043/DYS.87.5
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    References listed on IDEAS

    as
    1. Daron Acemoglu & Ali Kakhbod & Asuman Ozdaglar, 2017. "Competition in Electricity Markets with Renewable Energy Sources," The Energy Journal, , vol. 38(1_suppl), pages 137-156, June.
    2. Severin Borenstein & James B. Bushnell & Frank A. Wolak, 2002. "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, American Economic Association, vol. 92(5), pages 1376-1405, December.
    3. Jesús Alonso Botero & John Jairo Garc�a & Luis Guillermo V�lez, 2013. "Mecanismos utilizados para monitorear el poder de mercado en mercados eléctricos: reflexiones para Colombia," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID.
    4. Anderson, Edward J. & Hu, Xinmin, 2008. "Forward contracts and market power in an electricity market," International Journal of Industrial Organization, Elsevier, vol. 26(3), pages 679-694, May.
    5. Blaise Allaz & Jean-Luc Vila, 1993. "Cournot Competition, Forward Markets and Efficiency," Post-Print hal-00511806, HAL.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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