2007
DOI: 10.1016/j.enpol.2005.12.027
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Modeling market power in Korea's emerging power market

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Cited by 13 publications
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“…Game theory models optimize the bidding strategy model by studying the interaction between the economic players of the systems. For example, Ahn and Niemeyer (2007) modeled market power in Korea's emerging power market to show the effect of market power to increase market electricity prices. Bompard et al (2010) proposed a new and efficient approach for the network constrained electricity markets to find supply function equilibrium.…”
Section: Introductionmentioning
confidence: 99%
“…Game theory models optimize the bidding strategy model by studying the interaction between the economic players of the systems. For example, Ahn and Niemeyer (2007) modeled market power in Korea's emerging power market to show the effect of market power to increase market electricity prices. Bompard et al (2010) proposed a new and efficient approach for the network constrained electricity markets to find supply function equilibrium.…”
Section: Introductionmentioning
confidence: 99%
“…The Cournot equilibrium model and the supply function equilibrium (SFE) model are two popular methods for power market equilibrium analysis. Ahn and Niemeyer (2007) developed a Cournot-based model and applied it to analyse the market power in the Korean power market. The results show a strong possibility of generators exercising market power and increasing market price.…”
Section: Introductionmentioning
confidence: 99%