Research fellows

Pär Holmberg

Associate Professor

Research interests: Electricity markets and auctions.

Among the questions that Pär Holmberg tries to answer with his research:

  • What is the bidding behavior of producers in wholesale electricity markets and how is it affected by market rules and regulations?
  • How are bidding affected by bottlenecks in the electricity grid?
  • To which extent is financial contracts used in the electricity market and how do these affect the bidding process?

 

New research

Mixed Strategies in Discriminatory Divisible-good Auctions Edward J. Anderson, Pär Holmberg and Andrew B. Philpott

Pär Holmberg"s research focuses on electricity markets, especially strategic bidding behaviour in electricity auctions.

Recent publications

 "Supply Function Equilibria: Step Functions and Continuous Representations", (with David Newbery and Daniel Ralph), Journal of Economic Theory (forthcoming)

"Mixed Strategies in Discriminatory Divisible-good Auctions", (with Edward Anderson and Andrew Philpott), Rand Journal of Economics (forthcoming)

"Strategic Forward Contracting in the Wholesale Electricity Market", Energy Journal, Vol. 31, 2011, pp. 169-202.

"The Supply Function Equilibrium and Its Policy Implications for Wholesale Electricity Auctions", (with David Newbery), Utilities Policy, Vol. 18, 2010, pp. 209-226.

"Supply Function Equilibria of Pay-as-Bid Auctions", Journal of Regulatory Economics, Vol. 36, 2009, pp. 154-177.

"Numerical calculation of asymmetric supply function equilibrium with capacity constraints”, European Journal of Operational Research, Vol. 199, 2009, pp. 285-295.

"Unique Supply Function Equilibrium with Capacity Constraints"Energy Economics, Vol. 30, Issue 1, January 2008, pp. 148-172.

"Supply Function Equilibrium with Asymmetric Capacities and Constant Marginal Costs", Energy Journal, Vol. 28, No. 2, 2007, pp. 55-82.

"Some inequalities related to electricity auctions”, (with P. Hästö), Applied Mathematics Letters, Vol. 19, No. 8 , August 2006, pp. 814-819.

 

Working papers 

 "Supply Function Equilibria in Networks with Transport Constraints" , IFN Working Paper 945, (with Andrew Philpott).

 "Relaxing Competition through Speculation: Committing to a Negative Supply Slope" , IFN Working Paper 937, (with Bert Willems).

 "Congestion management in electricity networks: Nodal, zonal and discriminatory pricing", IFN Working Paper 915, (with Ewa Lazarczyk).

 

Presentations

"Supply Function Equilibria in Networks with Transport Constraints", Economics of Energy Markets conference in Toulouse, January 17, 2013.

 

 

 

Pär Holmberg

Contact

Ph: +46 8 665 4559
Mob: +46 72 511 6866
Par.Holmberg@ifn.se

Introduction

Pär Holmberg is Associate Professor in Economics and has a Ph.D. in Electric Power Engineering. He is an associate of Electricity Policy Research Group, University of Cambridge. Pär used to be an Economic expert in Stockholm Administrative Court of Appeal and a research fellow at Uppsala University. He dealt with with corporate taxation at the Ministry of Finance and worked as a research engineer at ABB Corporate Research.

Leading Research Environment

IFN at the top

 

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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 programmes are:

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

Global Award

Research on entrepreneurship

 

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The Global Award for Entrepreneurship Research has become firmly established as the foremost global award for research on entrepreneurship.This Prize is awarded annually with a prize sum of EUR 100,000.

IFN in cooperation with Entreprenörskapsforum and VINNOVA are the principals of the award.

Professor Maryann Feldman, University of North Carolina at Chapel Hill, is the 2013 winner of the Global Award for Entrepreneurship Research.

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