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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/28511
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| Title: | Vertical Separation vs. Independent Entry in the Spanish Electricity
Network: An Experimental Approach |
| Authors: | Ciarreta, Aitor - Universitat de Pais Vasco
Fatas, Enrique - Universitat de Valencia
Georgantzis, Nikolaos - Universitat Jaume
Gutierrez Hita, Carlos - Universitas Miguel Hernadez |
| Keywords: | Experimental economics, Spanish Electricity Market, vertical relations |
| Issue Date: | 2007 |
| Series/Report no.: | NET Institute Working Paper;07-31 |
| Abstract: | We present experimental results from a series of sessions organized
using the Power Market simulator; a software designed to realistically
replicate the Spanish Electricity Market. In the experiments reported
here we compare the status quo to two alternative treatments which
represent alternative market structures. In one of them, labeled as
vertical separation, we assume that power generating firms and
electricity distributors-end-suppliers belong to separate business
groups. In the second, we study the effect of entry by independent
end-suppliers. Both alternative scenarios dominate the status quo in
terms of market efficiency, whereas the latter of them dominates the former. |
| URI: | http://hdl.handle.net/2451/28511 |
| Appears in Collections: | NET Institute Working Papers Series
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