Unilateral Market Power; Evidences from Iran Wholesale Electricity Market, M.Sc. Thesis Sharif University of Technology ; Fatemi Ardestani, Farshad (Supervisor)
Abstract
In the early 21st century, Iran established its wholesale electricity market as part of the restructuring of the power industry. Currently, the majority of electricity trades occur in this market. The simultaneous production and consumption of electricity, along with constraints for new companies to enter the market, make exercising market power a significant consideration in the economics literature. The market mechanism is based on auctions and is supported by a rich-data environment that allows for monitoring of production firms' behavior. This research measures the exercise of unilateral market power in Iran's wholesale electricity market using three months' worth of data for each year...
Cataloging briefUnilateral Market Power; Evidences from Iran Wholesale Electricity Market, M.Sc. Thesis Sharif University of Technology ; Fatemi Ardestani, Farshad (Supervisor)
Abstract
In the early 21st century, Iran established its wholesale electricity market as part of the restructuring of the power industry. Currently, the majority of electricity trades occur in this market. The simultaneous production and consumption of electricity, along with constraints for new companies to enter the market, make exercising market power a significant consideration in the economics literature. The market mechanism is based on auctions and is supported by a rich-data environment that allows for monitoring of production firms' behavior. This research measures the exercise of unilateral market power in Iran's wholesale electricity market using three months' worth of data for each year...
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