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Measuring the simultaneous quantity game in OMEL spot electricity market

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dc.contributor.authorMoutinho, Victor
dc.contributor.authorMoreira, Antonio
dc.contributor.authorMota, Jorge H.
dc.date.accessioned2026-02-12T19:02:13Z
dc.date.available2026-02-12T19:02:13Z
dc.date.issued2015en_US
dc.date.updated2026-01-27T11:04:10Z
dc.description.abstractIn the electricity spot market the various competitive levels, as well as their subsequent changes in the market equilibrium, are justified by the simultaneous quantity game between electricity generators. It is expected that the dominant market players employ differentiated strategic behaviours, thus, permitting the quantification of such differentiated effects on the use of market power. The various competitive levels, as well as their subsequent changes in the market equilibrium, are justified by the simultaneous quantity game. The results show that the quantities purchased in the spot market for sale in open market influence prices, i.e., when there is an imbalance in the estimated long-term relationship, prices themselves move in order to recover the state of equilibrium, which reveals that, in the long-term, the OMEL Price is weakly exogenous to the cointegration vector, whereas quantities purchased for sale in open market move towards the reestablishment of the long-term equilibrium.eng
dc.description.versioninfo:eu-repo/semantics/publishedVersion
dc.identifier.eid2-s2.0-84920983053en_US
dc.identifier.slugcv-prod-367327
dc.identifier.urihttp://hdl.handle.net/10400.2/21273
dc.language.isoeng
dc.peerreviewedyes
dc.rights.uriN/A
dc.subjectMarket conduct
dc.subjectCollusion
dc.subjectElectricity spot market
dc.subjectMarket power
dc.titleMeasuring the simultaneous quantity game in OMEL spot electricity marketeng
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage332
oaire.citation.issue1en_US
oaire.citation.startPage305
oaire.citation.titleInternational Journal of Energy Economics and Policyen_US
oaire.citation.volume5en_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.rightsopenAccessen_US
relation.isAuthorOfPublication51ad303d-335c-4e2f-bae3-fffffef2e2f5
relation.isAuthorOfPublication.latestForDiscovery51ad303d-335c-4e2f-bae3-fffffef2e2f5

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