Price Transmission in Imperfectly Competitive Vertical Markets PDF Download
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Author: Tim Lloyd
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
Author: Tim Lloyd
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
Author: Thomas-Olivier Leautier
Publisher: MIT Press
ISBN: 0262039281
Category : Business & Economics
Languages : en
Pages : 413
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Book Description
The first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy. The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier Léautier presents the model in its simplest form, and introduces additional features as different issues are presented. The book covers all segments of electricity markets: electricity generation, under perfect and imperfect competition; retail competition and demand response; transmission pricing, transmission congestion management, and transmission constraints; and the current policy issues arising from the entry of renewables into the market and capacity mechanisms. Combining anecdotes and analysis of real situations with rigorous analytical modeling, each chapter analyzes one specific issue, first presenting findings in nontechnical terms accessible to policy practitioners and graduate students in management or public policy and then presenting a more mathematical analytical exposition for students and researchers specializing in the economics of electricity markets and for those who want to understand and apply the underlying models.
Author: John Charles Bernard
Publisher:
ISBN:
Category :
Languages : en
Pages : 474
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Book Description
Author: R.C. Hine
Publisher: Springer
ISBN: 1349261017
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
A topical, up-to-date and highly authoritative survey of the highly controversial debate around reform of the European Union's Common Agricultural Policy. The book begins with a critical assessment of the 1992 MacSharry reform and the 1994 GATT Uruguay Round. It looks to the likely impact of future reforms on the agricultural economy, on consumers and on the environment, in the light of future EU developments including enlargement and budget constraints and the forthcoming world Trade Organization negotiations of 1999. The postscript highlights the main issues likely to inform the CAP debate into the next millennium.
Author: Jean-Paul Chavas
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We develop a reduced-form model of price transmission in a vertical sector, allowing for refined asymmetric, contemporaneous and lagged, own and cross-price effects under time-varying volatility. The model is used to investigate the wholesale-retail price dynamics in the U.S. butter market. The analysis documents the nature of nonlinear price dynamics in a vertical sector. It finds strong evidence of asymmetric retail price responses, both in the short term and the longer term, but only weak evidence of asymmetric wholesale price responses. Asymmetric retail responses play a major role in generating a skewed distribution of butter prices. The empirical results indicate the presence of imperfect competition at the retail level.
Author: Ulrich Koester
Publisher: Cambridge Scholars Publishing
ISBN: 1527528308
Category : Business & Economics
Languages : en
Pages : 548
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Book Description
The thirteen chapters in this book introduce students to the theory and analysis of price determination in markets for agricultural and food products, and in markets for the main factors of production in agriculture – land, labour and capital. The book is targeted at advanced BSc as well as MSc students. It covers neoclassical economic theory as well as the many unique institutions and policies that affect agricultural price determination. The chapters cover important characteristics of agricultural and food markets and prices, such as the role of institutions and organisations for agricultural price formation, imperfect competition, the role of technical change, retail pricing, price volatility and futures markets. The included case studies and exercises will enable students to apply what they have learned and test their comprehension.
Author: Anthony N. Rezitis
Publisher: Bentham Science Publishers
ISBN: 160805098X
Category : Business & Economics
Languages : en
Pages : 194
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Book Description
The aim of the Ebook series of Research Topics in Agricultural & Applied Economics (RTAAE) is to publish high quality economic researches applied to both the agricultural and non-agricultural sectors of the economy. The subject areas of this Ebook series
Author: Steve McCorriston
Publisher: OUP Oxford
ISBN: 0191046264
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
This book addresses the important issue of food prices across EU Member States. Although recent attention has focused on events in world commodity markets following the spikes in world prices in 2007-2008 and 2011, there has been comparatively little attention addressing food price dynamics at the retail level. This volume addresses the characteristics of retail food price behaviour and the nature and drivers of price transmission across the EU. There are several inter-related features of the research reported here. First, the volume reports the characteristics of retail food inflation across the EU and the extent to which it differs from non-food inflation. Second, given the different experience of food inflation across EU Member States, it details the process of price transmission as shocks from upstream and world markets are passed through the food sector to the retail stage. Third, it addresses how the extent and nature of price transmission is determined by various aspects of competition throughout the domestic food sector and how the nature of vertical contracting between stages can determine the price transmission process. Finally, it outlines the potential of high-frequency, product-specific scanner data to address price dynamics and adjustment issues and how scanner data can also be used to measure food price inflation. The book will be of interest to researchers on price transmission and competition issues in the EU and, given the wider interest on these issues coupled with the novel use of scanner data, to researchers further afield. The contributions will also be of interest to policymakers and stakeholders as they seek to make sense of, and to address, regulation issues as they relate to the food sector.
Author: Hung-po Chao
Publisher: Springer Science & Business Media
ISBN: 1461555477
Category : Business & Economics
Languages : en
Pages : 213
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Book Description
The authors are prominent economists, operation researchers, and engineers who have been instrumental in the development of the conceptual framework for electric power restructuring both in the United States and in other countries. Rather than espousing a particular market design for the industry's future, each author focuses on an important issue or set of issues and tries to frame the questions for designing electricity markets using an international perspective. The book focuses on the economic and technical questions important in understanding the industry's long-term development rather than providing immediate answers for the current political debates on industry competition.
Author: Johan F. M. Swinnen
Publisher: CABI
ISBN: 1845931858
Category : Business & Economics
Languages : en
Pages : 338
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Book Description
This book looks at the restructuring of the agri-food industry and the rise of global retail chains in developing and transition countries, focusing on the implications of these changes for the poor. Part I (chapters 2-7) (i) identifies global changes in food standards and supply chains, (ii) explains their emergence and relevance for today's trade and development debate, and (iii) presents a series of conceptual frameworks necessary to understand the changes and their effects. Part II (chapters 8-18) contains a set of empirical studies, organized by region, which present new quantitative information on the effects of globalization and vertical contracting in modern supply chains in developing, emerging and transition countries. Part III (chapters 19-22) discusses the implications of these developments for the international policy agenda. The book has a subject index.
