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Selecting oligopolistic models in the Italian wholesale electricity market
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Floro, Daniela (2009) Selecting oligopolistic models in the Italian wholesale electricity market. In: 6th International Conference on the European Energy Market, Leuven, Belgium, May 27-29, 2009. Published in: 2009 6th International Conference on the European Energy Market pp. 329-334.
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Official URL: http://dx.doi.org/10.1109/EEM.2009.5207162
Abstract
This paper analyzes the competitive structure characterizing the Italian Day-Ahead electricity market. The market is organized according to a zone model due to limited transmission capacity. As a result different market clearing prices are defined, when the national market is split into several zones. We analyze the North and the South market to investigate which is the oligopolistic model that fits the markets better. In the North market we compare the Stackelberg and the Cournot model, whereas, in the South, the Stackelberg and the Dominant firm model. In all the models we first estimate the competitive fringe supply. Using firm-level data, we find that both markets can be described by a Stackelberg model with competitive fringe, despite the differences characterizing them. Thus, the former monopolist still holds a leader position. The analysis is applied to hourly data collected in the summer and winter months of 2005 and 2006.
| Item Type: | Conference Item (Paper) |
|---|---|
| Subjects: | T Technology > TJ Mechanical engineering and machinery T Technology > TK Electrical engineering. Electronics Nuclear engineering |
| Divisions: | Faculty of Social Sciences > Economics |
| Journal or Publication Title: | 2009 6th International Conference on the European Energy Market |
| Publisher: | IEEE |
| ISBN: | 978-1-4244-4454-0 |
| Date: | 2009 |
| Number of Pages: | 6 |
| Page Range: | pp. 329-334 |
| Identification Number: | 10.1109/EEM.2009.5207162 |
| Status: | Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| Conference Paper Type: | Paper |
| Title of Event: | 6th International Conference on the European Energy Market |
| Type of Event: | Conference |
| Location of Event: | Leuven, Belgium |
| Date(s) of Event: | May 27-29, 2009 |
| URI: | http://wrap.warwick.ac.uk/id/eprint/5629 |
Data sourced from Thomson Reuters' Web of Knowledge
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