Universität zu Köln

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

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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:	Creators Email ORCID ORCID Put Code Lorenczik, Stefan stefan@lorenczik.de UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-78952
Date:	30 August 2017
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Externe Einrichtungen > An-Institute > Associated Institutes of the Faculty of Management, Economics and Social Sciences > Institute for Energy Economics
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language Resource markets, Strategic behaviour, Market power, Price formation, Electricity market, Market design, Coal, Energy market modeling, Cournot English
Date of oral exam:	13 November 2017
Referee:	Name Academic Title Höffler, Felix Prof. Dr. Lindenberger, Dietmar PD Dr.
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/7896