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  1. Sequential markets, market power and arbitrage
    Author: Ito, Koichiro; Reguant, Mar
    Published: 2014

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (20782)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 20782
    Subjects: Spotmarkt; Terminmarkt; Marktmacht; Arbitrage; Preisdifferenzierung; Wohlfahrtsanalyse; Theorie; Energiemarkt; Mikrodaten; Spanien
    Scope: 54 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen
  2. Sequential markets, market power and arbitrage
    Author: Ito, Koichiro; Reguant, Mar
    Published: 2015
    Publisher:  Research Inst. of Economy, Trade and Industry, Tokyo

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Speicherung
    Inter-library loan:
    No inter-library loan
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: RIETI discussion paper series ; 15,015
    Subjects: Spotmarkt; Terminmarkt; Marktmacht; Arbitrage; Preisdifferenzierung; Wohlfahrtsanalyse; Theorie; Energiemarkt; Mikrodaten; Spanien
    Scope: Online-Ressource (55 S.)
  3. Sequential markets, market power and arbitrage
    Author: Ito, Koichiro; Reguant, Mar
    Published: 2014
    Publisher:  Center for the Study of Industrial Organization at Northwestern Univ., Evanston, Ill.

    We develop a framework to characterize strategic behavior in sequential markets under imperfect competition and restricted entry in arbitrage. Our theory predicts that these two elements can generate a systematic price premium. We test the model... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 74 (135)
    Inter-library loan:
    No inter-library loan

     

    We develop a framework to characterize strategic behavior in sequential markets under imperfect competition and restricted entry in arbitrage. Our theory predicts that these two elements can generate a systematic price premium. We test the model predictions using micro-data from the Iberian electricity market. We show that the observed price differences and firm behavior are consistent with the model. Finally, we quantify the welfare effects of arbitrage using a structural model. In the presence of market power, we show that full arbitrage is not necessarily welfare-enhancing, reducing consumer costs but increasing deadweightloss.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/142009
    Series: CSIO working paper ; 0135
    Subjects: Spotmarkt; Terminmarkt; Marktmacht; Arbitrage; Preisdifferenzierung; Wohlfahrtsanalyse; Theorie; Energiemarkt; Mikrodaten; Spanien
    Scope: Online-Ressource (63 S.), graph. Darst.