Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/24736
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Wölfing, Nikolas | en |
dc.date.accessioned | 2009-02-16T15:09:27Z | - |
dc.date.available | 2009-02-16T15:09:27Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/24736 | - |
dc.description.abstract | In 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 |
dc.language.iso | eng | en |
dc.publisher | |aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim | en |
dc.relation.ispartofseries | |aZEW Discussion Papers |x08-040 | en |
dc.subject.jel | D82 | en |
dc.subject.jel | C73 | en |
dc.subject.jel | Q41 | en |
dc.subject.jel | L13 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Asymmetric price transmission | en |
dc.subject.keyword | Electricity spot markets | en |
dc.subject.keyword | Emission allowances | en |
dc.subject.stw | Emissionsrechte | en |
dc.subject.stw | Preis | en |
dc.subject.stw | Stromtarif | en |
dc.subject.stw | Warenbörse | en |
dc.subject.stw | Wertpapierhandel | en |
dc.subject.stw | Ökonomischer Anreiz | en |
dc.subject.stw | Auktionstheorie | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Deutschland | en |
dc.title | Asymmetric Price Transmission in Supply Function Equilibrium, Carbon Prices and the German Electricity Spot Market | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 570408814 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zewdip:7346 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.