IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-333-98274-7_4.html
   My bibliography  Save this book chapter

Competition and Market Power

In: Electricity Market Reform in Norway

Author

Listed:
  • Arve Halseth
  • Per Ingvar Olsen

Abstract

In this chapter, we focus on the abilities of electricity generators to exercise market power in the Norwegian and the Nordic electricity markets. The analysis is based primarily on non-co-operative cartel theory involving the use of standard game-theoretical models, with references to more complex extensions of the standard models and computerised simulations based on such models. The more complex models are needed for the discussion of the implications of stochastic variation in both demand and generating capacity in the hydropower system, whereas the simulation studies have been applied to discussions about the possibilities of exercising market power in an integrated Nordic electricity market. Basically, we assume that the ability to gain from co-ordinated behaviour on the side of the generators is dependent on a sufficient inelasticity of demand, which permits an increase of revenues through reducing the volumes supplied. The ability actually to carry out such actions successfully, however, is seen as depending largely on structural market conditions.

Suggested Citation

  • Arve Halseth & Per Ingvar Olsen, 2000. "Competition and Market Power," Palgrave Macmillan Books, in: Eivind Magnus & Atle Midttun (ed.), Electricity Market Reform in Norway, chapter 4, pages 80-99, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98274-7_4
    DOI: 10.1057/9780333982747_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-333-98274-7_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.