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Subastando la Energía Eléctrica para Clientes Regulados: Equilibrio con Información Completa y Aversión al Riesgo

Author

Listed:
  • Francisco Caravia
  • Eduardo Saavedra

Abstract

This paper studies the non-cooperative equilibrium of an electricity auction in which bidding firms are risk averse and have complete information. It assumes a centralized dispatch and stochastic hydraulic generation. We find that the auction allocates th

Suggested Citation

  • Francisco Caravia & Eduardo Saavedra, 2007. "Subastando la Energía Eléctrica para Clientes Regulados: Equilibrio con Información Completa y Aversión al Riesgo," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 44(129), pages 1-1.
  • Handle: RePEc:ioe:cuadec:v:44:y:2007:i:129:p:3-30
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    File URL: http://www.economia.uc.cl/docs/129caraa.pdf
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    Cited by:

    1. Bustos-Salvagno, Javier, 2015. "Bidding behavior in the Chilean electricity market," Energy Economics, Elsevier, vol. 51(C), pages 288-299.

    More about this item

    Keywords

    Subastas; energía eléctrica; aversión al riesgo; oferta incierta; racionamiento eléctrico;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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