Pivotal Suppliers and Market Power in Experimental Supply Function Competition
نویسندگان
چکیده
منابع مشابه
Supply function equilibria with capacity constraints and pivotal suppliers
The concept of a supply function equilibrium (SFE) has been widely used to model generators’ bidding behavior and market power issues in wholesale electricity markets. Observers of electricity markets have noted how generation capacity constraints may contribute to market power of generation firms. If a generation firm’s rivals are capacity constrained then the firm may be pivotal; that is, the...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2013
ISSN: 0013-0133
DOI: 10.1111/ecoj.12058