Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

Home Page
Programme
Papers
Presenters
 
Contact Us
Search this CD-ROM for: View the Latest Programme Information

PRICE BIDS AND CAPACITY CHOICE IN ELECTRICITY MARKETS


Category: Economic Theory
Auctions III
Tuesday 27th August 2002, 09:30 - 11:00, Room: 5.7
Session Chair(s): Veronika Grimm, Humboldt University , GERMANY

Presenter(s): Crampes, Claude and Creti, Anna

Co-Author(s): none

Keyword(s): Capacity Choice, Electricity Markets, Uniform Auctions

JEL(s): C72, L13, L94

Abstract:

This paper analyses offer prices and capacity choice by two asymmetric and capacity-constrained firms competing in a spot market for electricity with uniform auctions. Bertrand competition is limited to the case of low demand levels. For higher levels of demand, market clears at the price cap. In the capacity choice stage of the game, firms may restrain capacity. Strategic withholding is more likely when demand is known at the time where operators choose their available capacity, and is less likely when demand is a stochastic variable and values close to peak-hours occur with a high probability.


View Paper

View PDF File

Filesize: 455 kb
Find this file in the
\Papers\304\
folder of this CD-ROM.

Latest Details
View this paper in the
online Programme

Customise
Customise your Event Programme to include your favourite papers, and email details of papers to friends and colleagues with the
online Programme


Paper Reference Number: 304

TOP OF PAGE
HOME
Econometric Society
57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

WebMeets.com Event Management LLP
Congress Home Page: http://www.eea-esem2002.it/
Programme Home Page: http://www.eea-esem.com/EEA-ESEM/ESEM2002/Prog/
Programme and CD generated with WebMeets.com Programme Management Software
Congress Programme Organized by FEEM

This page was created on Tuesday, 9th July 2002 at 19:22 GMT.