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Market Power in the Spanish Electricity Auction

dc.contributor.authorCiarreta Antuñano, Aitor ORCID
dc.contributor.authorEspinosa Alejos, María Paz ORCID
dc.date.accessioned2012-02-06T14:35:43Z
dc.date.available2012-02-06T14:35:43Z
dc.date.issued2005
dc.identifier.issn1988-088X
dc.identifier.urihttp://hdl.handle.net/10810/6747
dc.descriptionPublished as an article in: Journal of Regulatory Economics, 2010, vol. 37, issue 1, pages 42-69.es
dc.description.abstractWe use hourly bid data from the Spanish day-ahead electricity auction to obtain a lower bound measure of generators' market power. Our method is not based on cost estimates but rather on the different behavior of strategic generators as compared to the behavior of more competitive producers. The results indicate that, despite the price cap effect of regulation in this market, the larger operators in the day-ahead market are able to increase prices above the competitive benchmark by a significant amount.es
dc.description.sponsorshipFinancial support from Ministerio de Ciencia y Tecnología (BEC2003-02084), UPV (9/UPV 00035.321-13560/2001), Fundación BBVA and IVIE is gratefully acknowledged.es
dc.language.isoenges
dc.publisherUniversity of the Basque Country, Department of Foundations of Economic Analysis IIes
dc.relationinfo:eu-repo/grantAgreement/MCYT/BEC2003-02084
dc.relation.ispartofseriesDFAEII 2005.04
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/*
dc.subjectmarket poweres
dc.subjectelectricity marketes
dc.titleMarket Power in the Spanish Electricity Auctiones
dc.typeinfo:eu-repo/semantics/workingPaperes
dc.rights.holderAttribution-NonCommercial-ShareAlike 3.0 Unported*
dc.subject.jelL11
dc.subject.jelL13
dc.subject.jelL51
dc.identifier.repecRePEc:ehu:dfaeii:200504es
dc.departamentoesFundamentos del análisis económico IIes_ES
dc.departamentoeuEkonomia analisiaren oinarriak IIes_ES
dc.subject.categoriaECONOMICS, ECONOMETRICS AND FINANCE
dc.subject.categoriaINDUSTRIAL ORGANIZATION


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Attribution-NonCommercial-ShareAlike 3.0 Unported
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 3.0 Unported