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dc.contributor.authorWölfing, Nikolasen_US
dc.date.accessioned2009-02-16T15:09:27Z-
dc.date.available2009-02-16T15:09:27Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/24736-
dc.description.abstractIn January 2007, first evidence of an asymmetric pass-through of CO2 emission allowance prices was reported for the German electricity spot market. This paper explores the theoretical basis for such an asymmetry in the context of a supply function bidding duopoly. It interprets fluctuating carbon prices as a coordination mechanism for tacitly colluding firms and studies incentive compatibility in the repeated game. It is new in its attempt to model asymmetric behaviour in a spot market without relevant frictions, and gives a reasoning why the asymmetry shows up for emission allowances only. The paper concludes with a theorem: that asymmetric price transmission is sustained up to a certain maximum level which might include the monopoly solution and that this mechanism is always preferred to non-cooperation.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 08-040en_US
dc.subject.jelD82en_US
dc.subject.jelC73en_US
dc.subject.jelQ41en_US
dc.subject.jelL13en_US
dc.subject.ddc330en_US
dc.subject.keywordAsymmetric price transmissionen_US
dc.subject.keywordElectricity spot marketsen_US
dc.subject.keywordEmission allowancesen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwPreisen_US
dc.subject.stwStromtarifen_US
dc.subject.stwWarenbörseen_US
dc.subject.stwWertpapierhandelen_US
dc.subject.stwÖkonomischer Anreizen_US
dc.subject.stwAuktionstheorieen_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleAsymmetric Price Transmission in Supply Function Equilibrium, Carbon Prices and the German Electricity Spot Marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn570408814en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:7346-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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