June 2008, Norel




--- Sunday June 8 --- 

19.30 Dinner for conference participants arriving on Sunday


--- Monday June 9 --- 


Welcome and registration


Session 1

Market Power in Hydropower Markets


Chair: Thomas Tangerås - IFN


Petter Vegard Hansen – Statistics Norway
Inflow Uncertainty in Hydropower Markets (Presentation)
Discussant: Mats Bergman - Uppsala University (Comments)


Olli Kauppi – Helsinki School of Economics
Market Power and Storage: Evidence from Hydro Use in the Nordic Power Market (with Matti Liski) (Presentation
Discussant: Knut S. Hornnes - Powel 


Coffee break


Niclas Damsgaard – ECON-Pöyry
Exercise of Market Power in the Nordic Power Market (with Ståle Skrede and Lasse Torgersen)
Discussant: Olli Kauppi - Helsinki School of Economics (Comments)




Keynote Address 1



Chair: Tord Eng - Swedish Energy Agency

Richard Green – University of Birmingham 
Electricity Wholesale Markets: Designs for a Low-Carbon Future (Presentation)
Discussant: Rune Stenbacka - Swedish School of Economics and Business Administration 


Session 2

Public Policy Issues


Chair: Lars Persson - IFN


Kristian Gustafsson and Mats Nilsson – Vattenfall
Transparent Methods to Support Infrastructure Investments
Discussant: Chloé LeCoq - Stockholm School of Economics (Comments)


Coffee break


Orvika Rosnes - ECON-Pöyry 
Subsidies to Renewable Energy in Inflexible Power Markets (Presentation)
Discussant: Mette Kildegaard Graversen - University of Copenhagen (Comments)


Frode Skjeret – Institute for Research in Economics and Business Administration, SNF
Active Ownership Relations in Oligopoly (Presentation)
Discussant: Lars Persson - IFN 

19.00 Conference dinner


--- Tuesday June 10 --- 


Keynote Address 2 



Chair: Gunnar Lundberg - Vattenfall

Frank A. Wolak – Stanford University 
Using Environmental Emissions Permit Prices to Raise Electricity Prices: Evidence from the California Electricity Market (Presentation)
Discussant: Nils Henrik M. von der Fehr – University of Oslo 

10.00–10.20 Coffee break

Session 3

Retail Markets


Chair: Joacim Tåg - Swedish School of Economics and Business Administration and IFN 


Nils-Henrik M. von der Fehr – University of Oslo
Electricity Retailing in Norway (with Petter Vegard Hansen)
Discussant: Richard Friberg - Stockholm School of Economics 


Adekola Oyenuga – Norwegian School of Economics and Business Administration
Vertical Integration with an Increasing Retail Supply Function (with Derek Bunn) (Presentation)
Discussant: Joacim Tåg - Swedish School of Economics and Business Administration and IFN (Comments




Session 4

Empirical Methods and Market Performance

  Chair: Lennart Hjalmarsson - Gothenburg University

Ola Andersson – Stockholm School of Economics
Price Competition and Convex Costs (Presentation) 
Discussant: Pär Holmberg - Uppsala University and IFN (Comments


Maria Kopsakangas-Savolainen – University of Oulu
Observed and Unobserved Heterogeneity in Stochastic Frontier Models (with Rauli Svento) (Presentation)
Discussant: Lennart Hjalmarsson - Gothenburg University (Comments)


Coffee break


Pär Holmberg – Uppsala University and IFN
Supply Function Equilibria: Step Functions and Continuous Representations (with David Newbery and Daniel Ralph) (Presentation)
Discussant: Petter Vegard Hansen - Statistics Norway  

15.45 Closing of the conference


Leading Research Environment

IFN at the top


Illustration puff sid 1


The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programs are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se