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Monopolistic competition in electricity networks with resistance losses

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  • Juan Escobar

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  • Alejandro Jofré

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Abstract

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Suggested Citation

  • Juan Escobar & Alejandro Jofré, 2010. "Monopolistic competition in electricity networks with resistance losses," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 101-121, July.
    • Handle: RePEc:spr:joecth:v:44:y:2010:i:1:p:101-121
    DOI: 10.1007/s00199-009-0460-2
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    References listed on IDEAS

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    1. Natalia Fabra & Nils‐Henrik Fehr & David Harbord, 2006. "Designing electricity auctions," RAND Journal of Economics, RAND Corporation, vol. 37(1), pages 23-46, March.
    2. Anderson, Simon P & de Palma, Andre & Thisse, Jacques-Francois, 1989. "Spatial Price Policies Reconsidered," Journal of Industrial Economics, Wiley Blackwell, vol. 38(1), pages 1-18, September.
    3. d'Aspremont, C & Gabszewicz, Jean Jaskold & Thisse, J-F, 1979. "On Hotelling's "Stability in Competition"," Econometrica, Econometric Society, vol. 47(5), pages 1145-1150, September.
    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. Paul Milgrom & Ilya Segal, 2002. "Envelope Theorems for Arbitrary Choice Sets," Econometrica, Econometric Society, vol. 70(2), pages 583-601, March.
    6. Robert Wilson, 2002. "Architecture of Power Markets," Econometrica, Econometric Society, vol. 70(4), pages 1299-1340, July.
    7. Green, Richard J & Newbery, David M, 1992. "Competition in the British Electricity Spot Market," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 929-953, October.
    8. Green, Richard, 1999. "The Electricity Contract Market in England and Wales," Journal of Industrial Economics, Wiley Blackwell, vol. 47(1), pages 107-124, March.
    9. Andreas Ehrenmann & Karsten Neuhoff, 2009. "A Comparison of Electricity Market Designs in Networks," Operations Research, INFORMS, vol. 57(2), pages 274-286, April.
    10. 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.
    11. Yihsu Chen & Benjamin Hobbs & Sven Leyffer & Todd Munson, 2006. "Leader-Follower Equilibria for Electric Power and NO x Allowances Markets," Computational Management Science, Springer, vol. 3(4), pages 307-330, September.
    12. Klemperer, Paul D & Meyer, Margaret A, 1989. "Supply Function Equilibria in Oligopoly under Uncertainty," Econometrica, Econometric Society, vol. 57(6), pages 1243-1277, November.
    13. Xavier Vives, 2001. "Oligopoly Pricing: Old Ideas and New Tools," MIT Press Books, The MIT Press, edition 1, volume 1, number 026272040x, September.
    14. Cho, In-Koo, 2003. "Competitive Equilibrium in a Radial Network," RAND Journal of Economics, The RAND Corporation, vol. 34(3), pages 438-460, Autumn.
    15. Hobbs, Benjamin F, 1986. "Mill Pricing versus Spatial Price Discrimination under Bertrand and Cournot Spatial Competition," Journal of Industrial Economics, Wiley Blackwell, vol. 35(2), pages 173-191, December.
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    Citations

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    Cited by:

    1. Blázquez de Paz, Mario, 2018. "Electricity auctions in the presence of transmission constraints and transmission costs," Energy Economics, Elsevier, vol. 74(C), pages 605-627.
    2. Benjamin Heymann & Alejandro Jofré, 2016. "Mechanism Design and Auctions for Electricity Network," Working Papers hal-01315844, HAL.
    3. Elisabetta Allevi & Didier Aussel & Rossana Riccardi, 2018. "On an equilibrium problem with complementarity constraints formulation of pay-as-clear electricity market with demand elasticity," Journal of Global Optimization, Springer, vol. 70(2), pages 329-346, February.
    4. Benjamin Heymann & Alejandro Jofré, 2016. "Mechanism design and allocation algorithms for network markets with piece-wise linear costs and externalities," Working Papers hal-01416411, HAL.
    5. Benjamin Heymann & Alejandro Jofr'e, 2019. "Optimal auctions for networked markets with externalities," Papers 1907.10080, arXiv.org.
    6. Blázquez de Paz, Mario, 2019. "Redispatch in Zonal Pricing Electricity Markets," Working Paper Series 1278, Research Institute of Industrial Economics.
    7. Blázquez de Paz, Mario, 2015. "Transmission Costs, Transmission Capacities and their Influence on Market Power in Wholesale Electricity Markets," Working Paper Series 1070, Research Institute of Industrial Economics, revised 16 Dec 2015.
    8. Blázquez De Paz, Mario, 2017. "Production or Transmission Investments? A Comparative Analysis," Working Paper Series 1158, Research Institute of Industrial Economics.
    9. Blázquez De Paz, Mario, 2015. "Auction Performance on Wholesale Electricity Markets in the Presence of Transmission Constraints and Transmission Costs," Working Paper Series 1098, Research Institute of Industrial Economics.

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    More about this item

    Keywords

    Electricity networks; Transmission losses; Spot markets; Monopolistic competition; Oligopoly theory; C61; D43; L94;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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