dc.creator | Arellano, M. Soledad | |
dc.creator | Serra Banfi, Pablo | |
dc.date.accessioned | 2018-05-18T17:57:48Z | |
dc.date.available | 2018-05-18T17:57:48Z | |
dc.date.created | 2018-05-18T17:57:48Z | |
dc.date.issued | 2010 | |
dc.identifier | Energy Policy, Vol. 38, No. 4, pp. 1.759 - 1.763, Abril, 2010 | |
dc.identifier | 0301-4215 | |
dc.identifier | https://repositorio.uchile.cl/handle/2250/147944 | |
dc.description.abstract | A number of countries with oligopolistic power industries have used marginal cost pricing to set the
price of energy for small customers. This course of action, however, does not necessarily ensure an
efficient outcome when competition is imperfect. The purpose of this paper is to study how the auction
of long-term contracts could reduce market power. We do so in a two-firm, two-technology, linear-cost,
static model where demand is summarized by a price inelastic load curve. In this context we show that
the larger the proportion of total demand auctioned in advance, the lower are both the contract and the
average spot price of energy. | |
dc.language | en | |
dc.publisher | Elsevier | |
dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ | |
dc.rights | Attribution-NonCommercial-NoDerivs 3.0 Chile | |
dc.source | Energy Policy | |
dc.subject | Electricity | |
dc.subject | Market power | |
dc.subject | Long-term auctions | |
dc.title | Long-term contract auctions and market power in regulated power industries | |
dc.type | Artículo de revista | |