In this paper we examine an alternative policy scenario, where governments allow polluting …rms to trade permits in a strategic environmental policy model. We demonstrate, among other things, that with no market power in the permits market, governments of the exporting …rms do not have an incentive to under-regulate pollution in order to become more competitive. This strategic e¤ect is reversed...

raisin is one of the most important agricultural products in iran. iran after the turkey and america countries is the third largest exporter of raisin in world. using the indices of export advantage, import advantage, concentration ratios and the herfindahl-hirschman, have been analyzed to check the state trade and market structure of export and import of raisin product in the world during 2001...

Application Service Providing (ASP) represents an attractive solution for many power companies that want to conduct their business more efficiently. Fast implementation, the outsourcing of the responsibilities for application development, operation and maintenance, low investment costs and the client’s ability to concentrate on core competencies are the driving forces that promise a competitive...

In this paper, a new approach for preventive maintenance of generating units in a competitive market environment is proposed. The objective of the generator maintenance scheduling (GMS) problem is to find the precise time interval for maintenance of power generating units with an objective criterion of maximizing the profit of individual generation companies (GenCo’s) present in an electricity ...

Harrington et al. [21] introduced a general framework for modeling tacit collusion in which producing firms collectively maximize the Nash bargaining objective function, subject to incentive compatibility constraints. This work extends that collusion model to the setting of a competitive pool-based electricity market operated by an independent system operator. The extension has two features. Fi...

This dissertation studies the market microstructure of over-the-counter markets. All three chapters are based on the municipal (tax-exempt) bond market. However, the implications on price formation, price discovery and dealer’s market power can be generalized into the other OTC markets such as corporate bond and derivatives markets as well. In the first chapter “Price Clustering and Dealer’s Ma...

As a matter of course, power market uncertainties escalation is by product of power industry restructure on one hand and the unrivalled penetration of renewable energies on the other. Generally, the decision making process in such an uncertain environment faces with different risks. In addition, the performance of real power markets is very close to oligopoly markets, in which, some market play...

We develop spatial competition a la Bertrand for barge shipping along a waterway. Equilibrium prices are derived for two variations. For each case, we …rst give the perfectly competitive benchmark (when all modes are priced at marginal cost) before introducing market power on the modes. The paper emphasizes strategic rivalry (and market power) in two dimensions, and, for tractability, we consid...