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Social Sciences x Energy and Utilities x Market Structure and Pricing x clear all

Complementary Bidding Mechanisms and Startup Costs in Electricity Markets

Mar Reguant.

in The Review of Economic Studies

October 2014; p ublished online June 2014 .

Journal Article. Subjects: Energy and Utilities; Market Structure and Pricing; Market Structure, Firm Strategy, and Market Performance. 16987 words.

I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction...

Demand Reduction and Inefficiency in Multi-Unit Auctions

Lawrence M. Ausubel, Peter Cramton, Marek Pycia, Marzena Rostek and Marek Weretka.

in The Review of Economic Studies

October 2014; p ublished online July 2014 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Energy and Utilities; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 19138 words.

Auctions often involve the sale of many related goods: Treasury, spectrum, and electricity auctions are examples. In multi-unit auctions, bids for marginal units may affect payments for...

AN ECONOMIC APPROACH TOWARDS FINE VALUE OPTIMIZATION FOR ANTIMONOPOLY VIOLATIONS

Sergey Petrov and Aleksandr Shmakov.

in Journal of Competition Law & Economics

September 2015; p ublished online May 2015 .

Journal Article. Subjects: Microeconomics; Market Structure, Firm Strategy, and Market Performance; Energy and Utilities; Antitrust Issues and Policies; Production and Organizations; Market Structure and Pricing; Law and Economics. 5140 words.

The article proposes an approach to the identification of optimal fine value for the Antitrust Law violation based on the analysis of incentives of economic entities to violate the law....

THE MISUSE OF PROFIT MARGINS TO INFER MARKET POWER

Robert H. Bork and J. Gregory Sidak.

in Journal of Competition Law & Economics

September 2013; p ublished online September 2013 .

Journal Article. Subjects: Energy and Utilities; Microeconomics; Market Structure, Firm Strategy, and Market Performance; Welfare Economics; Antitrust Issues and Policies; Law and Economics; Market Structure and Pricing; Regulation and Industrial Policy. 8112 words.

Profit margins are not reliable evidence from which to infer market power in antitrust cases. The use of accounting profit margins has no economic justification in dominance proceedings....

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