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Pricing and Firm Conduct in California's Deregulated Electricity Market

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Cited by:

  1. Bruce A. Blonigen & Benjamin H. Liebman & Wesley W. Wilson, 2007. "Trade Policy and Market Power: The Case of the US Steel Industry," NBER Working Papers 13671, National Bureau of Economic Research, Inc.
  2. Graf, Christoph & Wozabal, David, 2013. "Measuring competitiveness of the EPEX spot market for electricity," Energy Policy, Elsevier, vol. 62(C), pages 948-958.
  3. Erin T. Mansur, 2007. "Prices vs. Quantities: Environmental Regulation and Imperfect Competition," NBER Working Papers 13510, National Bureau of Economic Research, Inc.
  4. David BENATIA & Etienne BILLETTE de VILLEMEUR, 2019. "Strategic Reneging in Sequential Imperfect Markets," Working Papers 2019-19, Center for Research in Economics and Statistics.
  5. Machiel Mulder, 2015. "Competition in the Dutch Electricity Market: An Empirical Analysis over 2006-2011," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).
  6. Hagen Worch & Bernhard Truffer & Mundia Kabinga & Jochen Markard & Anton Eberhard, 2012. "Tackling the Capability Gap in Utility Firms: Applying Management Research to Infrastructure Sectors," CID Working Papers 55, Center for International Development at Harvard University.
  7. Wolf-Peter, Schill, 2011. "Electric vehicles in imperfect electricity markets: The case of Germany," Energy Policy, Elsevier, vol. 39(10), pages 6178-6189, October.
  8. Bruno Lanz & Sebastian Rausch, 2016. "Emissions Trading in the Presence of Price-Regulated Polluting Firms: How Costly Are Free Allowances?," The Energy Journal, , vol. 37(1), pages 195-232, January.
  9. Arango, Santiago & Castañeda, Jaime A. & Larsen, Erik R., 2013. "Mothballing in power markets: An experimental study," Energy Economics, Elsevier, vol. 36(C), pages 125-134.
  10. Koichiro Ito & Mar Reguant, 2016. "Sequential Markets, Market Power, and Arbitrage," American Economic Review, American Economic Association, vol. 106(7), pages 1921-1957, July.
  11. Newbery, David M. & Greve, Thomas, 2017. "The strategic robustness of oligopoly electricity market models," Energy Economics, Elsevier, vol. 68(C), pages 124-132.
  12. Steen, Frode & Nguyen-Ones, Mai, 2018. "Measuring Market Power in Gasoline Retailing: A Market- or Station Phenomenon?," CEPR Discussion Papers 12879, C.E.P.R. Discussion Papers.
  13. Ali Hortaçsu & Steven L. Puller, 2008. "Understanding strategic bidding in multi‐unit auctions: a case study of the Texas electricity spot market," RAND Journal of Economics, RAND Corporation, vol. 39(1), pages 86-114, March.
  14. Wolf-Peter Schill & Claudia Kemfert, 2011. "Modeling Strategic Electricity Storage: The Case of Pumped Hydro Storage in Germany," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 59-88.
  15. Hepburn, Cameron J. & Quah, John K.-H. & Ritz, Robert A., 2013. "Emissions trading with profit-neutral permit allocations," Journal of Public Economics, Elsevier, vol. 98(C), pages 85-99.
  16. Genc, Talat S., 2016. "Measuring demand responses to wholesale electricity prices using market power indices," Energy Economics, Elsevier, vol. 56(C), pages 247-260.
  17. Duso, Tomaso & Szücs, Florian & Böckers, Veit, 2020. "Abuse of dominance and antitrust enforcement in the German electricity market," Energy Economics, Elsevier, vol. 92(C).
  18. Rubin, Ofir D. & Babcock, Bruce A., 2011. "A novel approach for modeling deregulated electricity markets," Energy Policy, Elsevier, vol. 39(5), pages 2711-2721, May.
  19. Milstein, Irena & Tishler, Asher, 2012. "The inevitability of capacity underinvestment in competitive electricity markets," Energy Economics, Elsevier, vol. 34(1), pages 62-77.
  20. James B. Bushnell & Erin T. Mansur & Celeste Saravia, 2008. "Vertical Arrangements, Market Structure, and Competition: An Analysis of Restructured US Electricity Markets," American Economic Review, American Economic Association, vol. 98(1), pages 237-266, March.
  21. Milstein, Irena & Tishler, Asher, 2015. "Can price volatility enhance market power? The case of renewable technologies in competitive electricity markets," Resource and Energy Economics, Elsevier, vol. 41(C), pages 70-90.
  22. Worch, Hagen & Truffer, Bernhard & Kabinga, Mundia & Eberhard, Anton & Markard, Jochen, 2013. "A capability perspective on performance deficiencies in utility firms," Utilities Policy, Elsevier, vol. 25(C), pages 1-9.
  23. repec:dgr:rugsom:13003-eef is not listed on IDEAS
  24. Hunt Allcott, 2012. "The Smart Grid, Entry, and Imperfect Competition in Electricity Markets," NBER Working Papers 18071, National Bureau of Economic Research, Inc.
  25. Luis Orea & Jevgenijs Steinbuks, 2018. "Estimating Market Power In Homogenous Product Markets Using A Composed Error Model: Application To The California Electricity Market," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 1296-1321, April.
  26. David P. Brown & David E.M. Sappington, 2017. "Designing Compensation for Distributed Solar Generation: Is Net Metering Ever Optimal?," The Energy Journal, , vol. 38(3), pages 1-32, May.
  27. David P. Brown & Andrew Eckert, 2018. "Analyzing the Impact of Electricity Market Structure Changes and Mergers: The Importance of Forward Commitments," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 52(1), pages 101-137, February.
  28. David P. Brown & Derek E. H. Olmstead, 2017. "Measuring market power and the efficiency of Alberta's restructured electricity market: An energy‐only market design," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(3), pages 838-870, August.
  29. Rodrigo Zeidan & Marcelo Resende, 2009. "Measuring Market Conduct in the Brazilian Cement Industry: A Dynamic Econometric Investigation," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 34(3), pages 231-244, May.
  30. Carol A. Dahl & Tyler Hodge, 2012. "A dynamic conduct parameter model of electricity marketer pricing behavior in the California power exchange," Working Papers 2012-15, Colorado School of Mines, Division of Economics and Business.
  31. Paul Twomey & Richard Green & Karsten Neuhoff & David Newbery, 2005. "A Review of the Monitoring of Market Power: The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems," Working Papers 0502, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
  32. Ona Duarte Venslauskas & John J. García Rendón, 2015. "Estimación del precio marginal del sistema eléctrico colombiano: una mirada desde la organización industrial," Revista Ecos de Economía, Universidad EAFIT, vol. 19(41), pages 1-23, December.
  33. Stephen P. Ryan & Mar Reguant & Meredith Fowlie, 2011. "Pollution Permits and the Evolution of Market Structure," 2011 Meeting Papers 1440, Society for Economic Dynamics.
  34. Rajnish Kamat & Shmuel Oren, 2004. "Two-settlement Systems for Electricity Markets under Network Uncertainty and Market Power," Journal of Regulatory Economics, Springer, vol. 25(1), pages 5-37, January.
  35. Mou, Dunguo, 2014. "Understanding China’s electricity market reform from the perspective of the coal-fired power disparity," Energy Policy, Elsevier, vol. 74(C), pages 224-234.
  36. Vehviläinen, Iivo, 2023. "Greed is good? Of equilibrium impacts in environmental regulation," Journal of Environmental Economics and Management, Elsevier, vol. 122(C).
  37. Escobari, Diego, 2011. "A theoretical model of collusion and regulation in an electricity spot market," MPRA Paper 32178, University Library of Munich, Germany.
  38. LaRiviere, Jacob & Lyu, Xueying, 2022. "Transmission constraints, intermittent renewables and welfare," Journal of Environmental Economics and Management, Elsevier, vol. 112(C).
  39. Sirin, Selahattin Murat & Erten, Ibrahim, 2022. "Price spikes, temporary price caps, and welfare effects of regulatory interventions on wholesale electricity markets," Energy Policy, Elsevier, vol. 163(C).
  40. Till Fladung & Anna Saile, 2024. "Electricity Prices during the Energy Crisis in Germany: The Role of Market Power," ifo Working Paper Series 414, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
  41. Heikki Peura & Derek W. Bunn, 2021. "Renewable Power and Electricity Prices: The Impact of Forward Markets," Management Science, INFORMS, vol. 67(8), pages 4772-4788, August.
  42. John J. García, & O. Lucia Quintero M, & Manuela Bastidas Olivares, 2013. "Inteligencia de Mercados: Comportamientos estratégicos sobre precios de oferta en el mercado spot eléctrico Colombiano," Documentos de Trabajo de Valor Público 10672, Universidad EAFIT.
  43. Meredith Fowlie & Mar Reguant & Stephen P. Ryan, 2016. "Market-Based Emissions Regulation and Industry Dynamics," Journal of Political Economy, University of Chicago Press, vol. 124(1), pages 249-302.
  44. Albert Banal-Estañol & Augusto Rupérez Micola, 2009. "Composition of Electricity Generation Portfolios, Pivotal Dynamics, and Market Prices," Management Science, INFORMS, vol. 55(11), pages 1813-1831, November.
  45. Knittel, Christopher R & Metaxoglou, Konstantinos, 2008. "Diagnosing Unilateral Market Power in Electricity Reserves Market," Institute of Transportation Studies, Working Paper Series qt14q6c0mk, Institute of Transportation Studies, UC Davis.
  46. Koichiro Ito, 2014. "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing," American Economic Review, American Economic Association, vol. 104(2), pages 537-563, February.
  47. repec:tur:wpaper:4 is not listed on IDEAS
  48. Tarufelli, Brittany L., 2021. "Strategic Behavior and Market Design in Regional Climate Policy," SocArXiv x96ge, Center for Open Science.
  49. Abolmassov Aleksandr & Kolodin Denis, 2003. "Structural changes in Russian electricity market," EERC Working Paper Series 01-016e, EERC Research Network, Russia and CIS.
  50. Lynne Kiesling & Bart Wilson, 2007. "An experimental analysis of the effects of automated mitigation procedures on investment and prices in wholesale electricity markets," Journal of Regulatory Economics, Springer, vol. 31(3), pages 313-334, June.
  51. Tanachai Limpaitoon, Yihsu Chen, and Shmuel S. Oren, 2014. "The Impact of Imperfect Competition in Emission Permits Trading on Oligopolistic Electricity Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
  52. Mulder, Machiel & Scholtens, Bert, 2013. "The impact of renewable energy on electricity prices in the Netherlands," Renewable Energy, Elsevier, vol. 57(C), pages 94-100.
  53. Sherzod N. Tashpulatov, 2018. "The Impact of Behavioral and Structural Remedies on Electricity Prices: The Case of the England and Wales Electricity Market," Energies, MDPI, vol. 11(12), pages 1-24, December.
  54. Jun Ishii & Jingming Yan, 2007. "Does divestiture crowd out new investment? The “make or buy” decision in the U.S. electricity generation industry," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 185-213, March.
  55. Rubin, Ofir D. & Babcock, Bruce A., 2013. "The impact of expansion of wind power capacity and pricing methods on the efficiency of deregulated electricity markets," Energy, Elsevier, vol. 59(C), pages 676-688.
  56. Erin T. Mansur, 2008. "Measuring Welfare in Restructured Electricity Markets," The Review of Economics and Statistics, MIT Press, vol. 90(2), pages 369-386, May.
  57. Goto, Mika & Karolyi, G. Andrew, 2004. "Understanding Electricity Price Volatility within and across Markets," Working Paper Series 2004-12, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
  58. Devin Garcia & Levent Kutlu & Robin C. Sickles, 2022. "Market Structures in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 13, pages 537-574, Springer.
  59. Luca Grilli, 2010. "Deregulated Electricity Market and Auctions: the Italian case," Quaderni DSEMS lg_ib_2010, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
  60. Matti Liski & Iivo Vehviläinen, 2016. "Gone with the Wind? An Empirical Analysis of the Renewable Energy Rent Transfer," CESifo Working Paper Series 6250, CESifo.
  61. Vítor Marques & Isabel Soares & Adelino Fortunato, 2012. "Application of a Structural Model to the Spanish Electricity Wholesale Market," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 65-108.
  62. Domenico Buccella & Leonard F. S. Wang, 2021. "Union negotiations, product market cooperation, and profits," Metroeconomica, Wiley Blackwell, vol. 72(1), pages 82-100, February.
  63. Lucas Davis & Catherine Hausman, 2014. "The Value of Transmission in Electricity Markets: Evidence from a Nuclear Power Plant Closure," NBER Working Papers 20186, National Bureau of Economic Research, Inc.
  64. Juha Teirilä and Robert A. Ritz, 2019. "Strategic Behaviour in a Capacity Market? The New Irish Electricity Market Design," The Energy Journal, International Association for Energy Economics, vol. 0(The New E).
  65. Stephen P. Holland, 2010. "Spillovers from Climate Policy," NBER Working Papers 16158, National Bureau of Economic Research, Inc.
  66. Erin T. Mansur, 2007. "Do Oligopolists Pollute Less? Evidence From A Restructured Electricity Market," Journal of Industrial Economics, Wiley Blackwell, vol. 55(4), pages 661-689, December.
  67. Li, Yung-Ming & Jhang-Li, Jhih-Hua, 2011. "Analyzing online B2B exchange markets: Asymmetric cost and incomplete information," European Journal of Operational Research, Elsevier, vol. 214(3), pages 722-731, November.
  68. Mustafa U. Karakaplan & Levent Kutlu, 2019. "Estimating market power using a composed error model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(4), pages 489-510, September.
  69. Nazemi, Ali & Mashayekhi, Mehdi, 2015. "Competitiveness assessment of Iran's restructured electricity market," Energy Economics, Elsevier, vol. 49(C), pages 308-316.
  70. Rubin, Ofir David, 2010. "Equilibrium pricing in electricity markets with wind power," ISU General Staff Papers 201001010800002361, Iowa State University, Department of Economics.
  71. Meredith Fowlie, 2008. "Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage," NBER Working Papers 14421, National Bureau of Economic Research, Inc.
  72. Wolf-Peter, Schill, 2011. "Electric vehicles in imperfect electricity markets: The case of Germany," Energy Policy, Elsevier, vol. 39(10), pages 6178-6189, October.
  73. Brown, David P. & Eckert, Andrew & Silveira, Douglas, 2023. "Screening for Collusion in Wholesale Electricity Markets: A Review of the Literature," Working Papers 2023-7, University of Alberta, Department of Economics.
  74. R. Andrew Butters & Daniel F. Spulber, 2020. "The Extent Of The Market And Integration Through Factor Markets: Evidence From Wholesale Electricity," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1076-1108, July.
  75. Mulder, Machiel & Schoonbeek, Lambert, 2013. "Decomposing changes in competition in the Dutch electricity market through the residual supply index," Energy Economics, Elsevier, vol. 39(C), pages 100-107.
  76. Sirin, Selahattin Murat & Camadan, Ercument & Erten, Ibrahim Etem & Zhang, Alex Hongliang, 2023. "Market failure or politics? Understanding the motives behind regulatory actions to address surging electricity prices," Energy Policy, Elsevier, vol. 180(C).
  77. Bhattacharyya, Aditi & Kutlu, Levent & Sickles, Robin C., 2018. "Pricing Inputs and Outputs: Market prices versus shadow prices, market power, and welfare analysis," Working Papers 18-009, Rice University, Department of Economics.
  78. Stephen P. Holland, 2011. "Spillovers from Climate Policy to Other Pollutants," NBER Chapters, in: The Design and Implementation of US Climate Policy, pages 79-90, National Bureau of Economic Research, Inc.
  79. Levent Kutlu & Ran Wang, 2018. "Estimation of cost efficiency without cost data," Journal of Productivity Analysis, Springer, vol. 49(2), pages 137-151, June.
  80. Nguyen-Ones , Mai & Steen, Frode, 2018. "Market Power in Retail Gasoline Markets," Discussion Paper Series in Economics 21/2019, Norwegian School of Economics, Department of Economics, revised 01 Jul 2019.
  81. Timothy Gunning & Robin Sickles, 2013. "Competition and market power in physician private practices," Empirical Economics, Springer, vol. 44(2), pages 1005-1029, April.
  82. Juan Luis Jiménez & Jordi Perdiguero, 2018. "Mergers and difference-in-difference estimator: Why firms do not increase prices?," European Journal of Law and Economics, Springer, vol. 45(2), pages 285-311, April.
  83. Tengjiao Chen & Daniel H. Karney, 2025. "Environmental Policy in General Equilibrium under Market Power and Price Discrimination," Papers 2501.03114, arXiv.org.
  84. Jessica Pye & Arun Rai & John Qi Dong, 2024. "Business Value of Information Technology Capabilities: An Institutional Governance Perspective," Information Systems Research, INFORMS, vol. 35(1), pages 28-44, March.
  85. Pinho, Joana & Resende, Joana & Soares, Isabel, 2018. "Capacity investment in electricity markets under supply and demand uncertainty," Energy, Elsevier, vol. 150(C), pages 1006-1017.
  86. Zhou, Yishu & Huang, Ling, 2021. "How regional policies reduce carbon emissions in electricity markets: Fuel switching or emission leakage," Energy Economics, Elsevier, vol. 97(C).
  87. Tarufelli, Brittany L., 2021. "Strategic Behavior and Market Design in Regional Climate Policy," SocArXiv x96ge_v1, Center for Open Science.
  88. Milstein, Irena & Tishler, Asher, 2011. "Intermittently renewable energy, optimal capacity mix and prices in a deregulated electricity market," Energy Policy, Elsevier, vol. 39(7), pages 3922-3927, July.
  89. John Kwoka & Vladlena Sabodash, 2011. "Price Spikes in Energy Markets: “Business by Usual Methods” or Strategic Withholding?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 38(3), pages 285-310, May.
  90. Severin Borenstein, 2016. "The Power and the Limits of Industrial Organization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 48(3), pages 241-246, May.
  91. Brown, David P. & Eckert, Andrew & Shaffer, Blake, 2023. "Evaluating the impact of divestitures on competition: Evidence from Alberta’s wholesale electricity market," International Journal of Industrial Organization, Elsevier, vol. 89(C).
  92. Chiara Lo Prete & Benjamin F. Hobbs, 2015. "Market Power in Power Markets: An Analysis of Residual Demand Curves in California’s Day-ahead Energy Market (1998-2000)," The Energy Journal, , vol. 36(2), pages 191-218, April.
  93. Cao, K.H. & Qi, H.S. & Tsai, C.H. & Woo, C.K. & Zarnikau, J., 2021. "Energy trading efficiency in the US Midcontinent electricity markets," Applied Energy, Elsevier, vol. 302(C).
  94. Hodge, Tyler & Dahl, Carol A., 2012. "Power marketer pricing behavior in the California Power Exchange," Energy Economics, Elsevier, vol. 34(2), pages 568-575.
  95. repec:ers:journl:v:xv:y:2012:i:sie:p:65-108 is not listed on IDEAS
  96. Chiara Lo Prete and Benjamin F. Hobbs, 2015. "Market power in power markets: an analysis of residual demand curves in Californias day-ahead energy market (1998-2000)," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).
  97. David P. Brown & David E. M. Sappington, 2022. "Vertical integration and capacity investment in the electricity sector," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(1), pages 193-226, February.
  98. Chiu, Fan-Ping & Kuo, Hsiao-I. & Chen, Chi-Chung & Hsu, Chia-Sheng, 2015. "The energy price equivalence of carbon taxes and emissions trading—Theory and evidence," Applied Energy, Elsevier, vol. 160(C), pages 164-171.
  99. Mulder, Machiel & Petrikaitė, Vaiva & Scholtens, Bert, 2015. "Distributed energy generation techniques and the competitive fringe effect in electricity markets," Resource and Energy Economics, Elsevier, vol. 42(C), pages 125-140.
  100. Kutlu, Levent & Sickles, Robin C., 2012. "Estimation of market power in the presence of firm level inefficiencies," Journal of Econometrics, Elsevier, vol. 168(1), pages 141-155.
  101. Elizabeth J. Durango‐Cohen & Liad Wagman, 2014. "Strategic obfuscation of production capacities," Naval Research Logistics (NRL), John Wiley & Sons, vol. 61(3), pages 244-267, April.
  102. Francisco D. Munoz & Sonja Wogrin & Shmuel S. Oren & Benjamin F. Hobbs, 2018. "Economic Inefficiencies of Cost-based Electricity Market Designs," The Energy Journal, , vol. 39(3), pages 51-68, May.
  103. Guo, Nongchao & Lo Prete, Chiara, 2019. "Cross-product manipulation with intertemporal constraints: An equilibrium model," Energy Policy, Elsevier, vol. 134(C).
  104. Rammerstorfer, Margarethe & Wagner, Christian, 2009. "Reforming minute reserve policy in Germany: A step towards efficient markets?," Energy Policy, Elsevier, vol. 37(9), pages 3513-3519, September.
  105. Liebensteiner, Mario & Haxhimusa, Adhurim & Naumann, Fabian, 2023. "Subsidized renewables’ adverse effect on energy storage and carbon pricing as a potential remedy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
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