A game theoretic model of the Northwestern European electricity market -: market power and the environment

被引:60
作者
Lise, Wietze
Linderhof, Vincent
Kuik, Onno
Kemfert, Claudia
Ostling, Robert
Heinzow, Thomas
机构
[1] Energy Res Ctr Netherlands, ECN, Energy Markets & Int Environ Policy Grp, NL-1031 CM Amsterdam, Netherlands
[2] Vrije Univ Amsterdam, Fac Earth & Life Sci, Inst Environm Studies, NL-1081 HV Amsterdam, Netherlands
[3] Humboldt Univ, Dept Energy Transportat & Environm, German Inst Econ Res, Berlin, Germany
[4] Stockholm Sch Econ, Dept Econ, S-11383 Stockholm, Sweden
[5] Univ Hamburg, Hamburg, Germany
关键词
electricity market; liberalisation; market power; game theory; environmental impacts; Northwestern Europe;
D O I
10.1016/j.enpol.2005.03.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper develops a static computational game theoretic model. Illustrative results for the liberalising European electricity market are given to demonstrate the type of economic and environmental results that can be generated with the model. The model is empirically calibrated to eight Northwestern European countries, namely Belgium, Denmark, Finland, France, Germany, The Netherlands, Norway, and Sweden. Different market structures are compared, depending on the ability of firms to exercise market power, ranging from perfect competition without market power to strategic competition where large firms exercise market power. In addition, a market power reduction policy is studied where the near-monopolies in France and Belgium are demerged into smaller firms. To analyse environmental impacts, a fixed greenhouse gas emission reduction target is introduced under different market structures. The results indicate that the effects of liberalisation depend on the resulting market structure, but that a reduction in market power of large producers may be beneficial for both the consumer (i.e. lower prices) and the environment (i.e. lower greenhouse gas permit price and lower acidifying and smog emissions). (c) 2005 Elsevier Ltd. All rights reserved.
引用
收藏
页码:2123 / 2136
页数:14
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