Lorenczik, Stefan (2017). Essays on market design and strategic behaviour in energy markets. PhD thesis, Universität zu Köln.

[img]
Preview
PDF
DissertationLorenczik.pdf - Accepted Version

Download (2MB)

Abstract

The thesis at hand consists of four essays which are divided into two parts. In the first part, consisting of the first two essays, market design issues in electricity markets are discussed. More precisely, it deals with concerns regarding security of supply: First, the concerns regarding the availability of suffcient flexibility to cope with intermittent renewable energy electricity generation. And second, the consequences of insufficient investments signals in energy only markets in interconnected electricity markets. Part two deals with strategic behaviour in spatial natural resource markets. Strategic behaviour and the exertion of market power have always been a matter of concern in energy markets, especially in natural resource markets. The exertion of market power can result in deadweight losses - regulatory bodies try to address this by market regulations aiming for a welfare maximising market outcome. The first problem is to detect collusive behaviour as available data is frequently limited. The second question is how regulatory decisions may influence the market outcome. Both topics are investigated by using the example of the international metallurgical coal market.

Item Type: Thesis (PhD thesis)
Creators:
CreatorsEmailORCID
Lorenczik, Stefanstefan@lorenczik.deUNSPECIFIED
URN: urn:nbn:de:hbz:38-78952
Subjects: Economics
Uncontrolled Keywords:
KeywordsLanguage
Resource markets, Strategic behaviour, Market power, Price formation, Electricity market, Market design, Coal, Energy market modeling, CournotEnglish
Faculty: Faculty of Management, Economy and Social Sciences
Divisions: Faculty of Management, Economy and Social Sciences > Institute of Energy Economics
Language: English
Date: 30 August 2017
Date of oral exam: 13 November 2017
Referee:
NameAcademic Title
Höffler, FelixProf. Dr.
Lindenberger, DietmarPD Dr.
Full Text Status: Public
Date Deposited: 04 Dec 2017 14:52
Refereed: Yes
Status: Published
URI: http://kups.ub.uni-koeln.de/id/eprint/7896

Downloads

Downloads per month over past year

Export

Actions (login required)

View Item View Item