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Network-constrained Cournot models of liberalized electricity markets: the devil is in the details

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  • Neuhoff, Karsten
  • Barquin, Julian
  • Boots, Maroeska G.
  • Ehrenmann, Andreas
  • Hobbs, Benjamin F.
  • Rijkers, Fieke A.M.
  • Vazquez, Miguel

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  • Neuhoff, Karsten & Barquin, Julian & Boots, Maroeska G. & Ehrenmann, Andreas & Hobbs, Benjamin F. & Rijkers, Fieke A.M. & Vazquez, Miguel, 2005. "Network-constrained Cournot models of liberalized electricity markets: the devil is in the details," Energy Economics, Elsevier, vol. 27(3), pages 495-525, May.
    • Handle: RePEc:eee:eneeco:v:27:y:2005:i:3:p:495-525
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    References listed on IDEAS

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    1. David M. Newbery, 1998. "Competition, Contracts, and Entry in the Electricity Spot Market," RAND Journal of Economics, The RAND Corporation, vol. 29(4), pages 726-749, Winter.
    2. SMEERS, Yves, 1997. "Computable equilibrium models and the restructuring of the European electricity and gas markets," LIDAM Discussion Papers CORE 1997061, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Wu, Felix & Varaiya, Pravin & Spiller, Pablo & Oren, Shmuel, 1996. "Folk Theorems on Transmission Access: Proofs and Counterexamples," Journal of Regulatory Economics, Springer, vol. 10(1), pages 5-23, July.
    4. Severin Borenstein & James. Bushnell & Steven Stoft, 2000. "The Competitive Effects of Transmission Capacity in A Deregulated Electricity Industry," RAND Journal of Economics, The RAND Corporation, vol. 31(2), pages 294-325, Summer.
    5. Andreas Ehrenmann & Karsten Neuhoff, 2009. "A Comparison of Electricity Market Designs in Networks," Operations Research, INFORMS, vol. 57(2), pages 274-286, April.
    6. WEI, Jing-Yuan & SMEERS, Yves, 1999. "Spatial oligopolistic electricity models with Cournot generators and regulated transmission prices," LIDAM Reprints CORE 1454, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. Ventosa, Mariano & Baillo, Alvaro & Ramos, Andres & Rivier, Michel, 2005. "Electricity market modeling trends," Energy Policy, Elsevier, vol. 33(7), pages 897-913, May.
    8. Benjamin F. Hobbs & Richard E. Schuler, 1985. "An Assessment Of The Deregulation Of Electric Power Generation Using Network Models Of Imperfect Spatial Markets," Papers in Regional Science, Wiley Blackwell, vol. 57(1), pages 75-89, January.
    9. Yves Smeers, 1997. "Computable Equilibrium Models and the Restructuring of the European Electricity and Gas Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 1-31.
    10. J. Boucher & Y. Smeers, 2002. "Towards a common European Electricity market paths in the right direction… still far from an effective design," Competition and Regulation in Network Industries, Intersentia, vol. 3(4), pages 375-425, September.
    11. Cardell, Judith B. & Hitt, Carrie Cullen & Hogan, William W., 1997. "Market power and strategic interaction in electricity networks," Resource and Energy Economics, Elsevier, vol. 19(1-2), pages 109-137, March.
    12. John Bower & Derek W. Bunn, 2000. "Model-Based Comparisons of Pool and Bilateral Markets for Electricity," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 1-29.
    13. Chao, Hung-Po & Peck, Stephen, 1996. "A Market Mechanism for Electric Power Transmission," Journal of Regulatory Economics, Springer, vol. 10(1), pages 25-59, July.
    14. 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.
    15. Richard Gilbert & Karsten Neuhoff & David Newbery, 2004. "Allocating Transmission to Mitigate Market Power in Electricity Markets," RAND Journal of Economics, The RAND Corporation, vol. 35(4), pages 691-709, Winter.
    16. Smeers, Y., 1997. "Computable equilibrium models and the restructuring of the European electricity and gas markets," LIDAM Reprints CORE 1280, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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