Logo do repositório
 
Publicação

Strategic decisions on bilateral bidding behavior: evidence from a wholesale electricity market

2018Artigo científico Acesso restrito
Ver registo simples
dc.contributor.authorMoutinho, V. F.
dc.contributor.authorMoreira, Antonio
dc.contributor.authorBento, J. P. C.
dc.date.accessioned2026-02-19T09:42:19Z
dc.date.available2026-02-19T09:42:19Z
dc.date.issued2018en_US
dc.date.updated2026-01-27T01:19:45Z
dc.description.abstractThis article analyzes the strategic bilateral bidding behavior in the Spanish electricity wholesale market (OMEL). The collection of data includes information regarding weekly averages of spot prices, the quantity bid in the wholesale market, the quantities purchased in the wholesale market and sold in the open market, and the behavior of conduct parameters for the period from January 2002 to April 2007 for the four largest firms of the Spanish electricity market: Endesa, Iberdrola, Unión Fenosa and Hidrocantábrico. This article employs the New Empirical Industrial Organization approach. The empirical analysis was based on the autoregressive distributed lag approach to cointegration and on the Toda–Yamamoto Granger causality tests to validate the standard version of the theoretical formulation of the standard Cournot model, and its theoretical extension, to encompass the hypothesis of the presence of bid interdependence for electricity quantities sold and bought in the Spanish electricity wholesale market. The results of cointegration and causality analysis reinforce the empirical results of the extended Cournot model with the inclusion of the two main bidding variables that solved the optimization problem of profit maximization for each of the four firms analyzed.eng
dc.description.versioninfo:eu-repo/semantics/publishedVersion
dc.identifier.doi10.1007/s00181-017-1261-2en_US
dc.identifier.eid2-s2.0-85022006786en_US
dc.identifier.slugcv-prod-367243
dc.identifier.urihttp://hdl.handle.net/10400.2/21359
dc.language.isoeng
dc.peerreviewedyes
dc.rights.uriN/A
dc.subjectBidding behavior
dc.subjectElectricity spot market
dc.subjectSpain
dc.subjectCointegration
dc.subjectToda–Yamamoto Granger causality
dc.titleStrategic decisions on bilateral bidding behavior: evidence from a wholesale electricity marketeng
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage1387
oaire.citation.issue3en_US
oaire.citation.startPage1353
oaire.citation.titleEmpirical Economicsen_US
oaire.citation.volume54en_US
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
person.familyNameMoreira
person.givenNameAntonio
person.identifier.orcid0000-0002-6613-8796
rcaap.cv.cienciaid541F-5442-5666 | António Carrizo Moreira
rcaap.rightsrestrictedAccessen_US
relation.isAuthorOfPublication51ad303d-335c-4e2f-bae3-fffffef2e2f5
relation.isAuthorOfPublication.latestForDiscovery51ad303d-335c-4e2f-bae3-fffffef2e2f5

Ficheiros

Principais
A mostrar 1 - 1 de 1
Miniatura indisponível
Nome:
099_2018_Empirical_Economics_Moutinho_Moreira_Bento.pdf
Tamanho:
753 KB
Formato:
Adobe Portable Document Format
Ver/Abrir
Licença
A mostrar 1 - 1 de 1
Miniatura indisponível
Nome:
license.txt
Tamanho:
1.97 KB
Formato:
Item-specific license agreed upon to submission
Descrição:
Ver/Abrir

Coleções

UAb | CiênciaVitae | Gestão e Economia