Análisis sobre el poder de mercado del sector eléctrico colombiano
In this paper document a re calculated measures of market power and it examine the bidding behavior of the most important firms i n the Colombian electricity market. The sensitivity of the marginal cost for each firm was estimated to evaluate shocks the elasticity of the series to fuel prices and wa...
- Autores:
-
Bermeo López, Lina María
- Tipo de recurso:
- Trabajo de grado de pregrado
- Fecha de publicación:
- 2016
- Institución:
- Universidad ICESI
- Repositorio:
- Repositorio ICESI
- Idioma:
- spa
- OAI Identifier:
- oai:repository.icesi.edu.co:10906/80984
- Acceso en línea:
- http://hdl.handle.net/10906/80984
http://biblioteca2.icesi.edu.co/cgi-olib?oid=302746
- Palabra clave:
- Sector eléctrico
Concentración industrial
Poder de mercado
Modelo de subastas
Firmas pivotales
Trabajos de grado
Economía
Departamento de Economía
Producción intelectual registrada - Universidad Icesi
- Rights
- openAccess
- License
- https://creativecommons.org/licenses/by-nc-nd/4.0/
| Summary: | In this paper document a re calculated measures of market power and it examine the bidding behavior of the most important firms i n the Colombian electricity market. The sensitivity of the marginal cost for each firm was estimated to evaluate shocks the elasticity of the series to fuel prices and water resources. . The motivation is to discuss the possible existence of non - competitive behaviors from the pivotal generators to supply the market at peak hours and consequent market inefficiencies. Based on data released by XM. The resu lts suggest that between 2001 and 2014 the spot price is less sensitive to exogenous shocks than the marginal costs of firms. Therefore, it has concluded that the system works relatively well against exogenous shocks in production inputs . However, there ar e conditions for the exercise of market power. |
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