Will Cross-ownership Re-establish Market Power in the Nordic Power Market?

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Will Cross-ownership Re-establish Market Power in the Nordic Power Market? / Amundsen, Eirik S; Bergman, L.

In: The Energy Journal, No. 23, 2002, p. 73-95.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Amundsen, ES & Bergman, L 2002, 'Will Cross-ownership Re-establish Market Power in the Nordic Power Market?', The Energy Journal, no. 23, pp. 73-95.

APA

Amundsen, E. S., & Bergman, L. (2002). Will Cross-ownership Re-establish Market Power in the Nordic Power Market? The Energy Journal, (23), 73-95.

Vancouver

Amundsen ES, Bergman L. Will Cross-ownership Re-establish Market Power in the Nordic Power Market? The Energy Journal. 2002;(23):73-95.

Author

Amundsen, Eirik S ; Bergman, L. / Will Cross-ownership Re-establish Market Power in the Nordic Power Market?. In: The Energy Journal. 2002 ; No. 23. pp. 73-95.

Bibtex

@article{d7273680bfb511dd8e02000ea68e967b,
title = "Will Cross-ownership Re-establish Market Power in the Nordic Power Market?",
abstract = "The integration of the power markets in Norway and Sweden in 1996 significantly constrained the major power companies' ability to exercise market power within their national borders. In recent years, however, mergers and reciprocal acquisition of shares have reduced the number of independent players on the Norwegian-Swedish power market. The aim of this paper is to explore to what extent increasing cross-ownership among the major power companies in Norway and Sweden might re-establish the market power that was lost when the two national power markets were integrated. The analysis is based on a numerical model, assuming Cournot quantity setting behavior, of the Norwegian-Swedish power market. The simulation results suggest that partial ownership relations between generators tend to increase horizontal market power and thus the market price of electricity.",
author = "Amundsen, {Eirik S} and L. Bergman",
year = "2002",
language = "English",
pages = "73--95",
journal = "Energy Journal",
issn = "0195-6574",
publisher = "International Association for Energy Economics (I A E E)",
number = "23",

}

RIS

TY - JOUR

T1 - Will Cross-ownership Re-establish Market Power in the Nordic Power Market?

AU - Amundsen, Eirik S

AU - Bergman, L.

PY - 2002

Y1 - 2002

N2 - The integration of the power markets in Norway and Sweden in 1996 significantly constrained the major power companies' ability to exercise market power within their national borders. In recent years, however, mergers and reciprocal acquisition of shares have reduced the number of independent players on the Norwegian-Swedish power market. The aim of this paper is to explore to what extent increasing cross-ownership among the major power companies in Norway and Sweden might re-establish the market power that was lost when the two national power markets were integrated. The analysis is based on a numerical model, assuming Cournot quantity setting behavior, of the Norwegian-Swedish power market. The simulation results suggest that partial ownership relations between generators tend to increase horizontal market power and thus the market price of electricity.

AB - The integration of the power markets in Norway and Sweden in 1996 significantly constrained the major power companies' ability to exercise market power within their national borders. In recent years, however, mergers and reciprocal acquisition of shares have reduced the number of independent players on the Norwegian-Swedish power market. The aim of this paper is to explore to what extent increasing cross-ownership among the major power companies in Norway and Sweden might re-establish the market power that was lost when the two national power markets were integrated. The analysis is based on a numerical model, assuming Cournot quantity setting behavior, of the Norwegian-Swedish power market. The simulation results suggest that partial ownership relations between generators tend to increase horizontal market power and thus the market price of electricity.

M3 - Journal article

SP - 73

EP - 95

JO - Energy Journal

JF - Energy Journal

SN - 0195-6574

IS - 23

ER -

ID: 8806059