The Economics of Electricity Markets

Research papers

Working Papers

  1. Erik Lundin: Market power and joint ownership: Evidence from nuclear plants in Sweden, IFN Working Paper 1113, 2016
  2. Pär Holmberg and Frank A. Wolak: Electricity markets: Designing auctions where suppliers have uncertain costs, IFN Working Paper 1099, 2015
  3. Mario Blaquez de Paz: Auction performance on wholesale electricity markets in the presence of transmission constraints and transmission costs, IFN Working Paper 1098, 2015
  4. Edward Anderson and Pär Holmberg: Price instability in multi-unit auctions, IFN Working Paper 1095, 2015
  5. Mario Blazquez de Paz: Transmission capacity constraints and transmission costs on electricity market auctions, IFN Working Paper 1070, 2015
  6. Sara Fogelberg and Ewa Lazarczyk: Wind power volatility and the impact on failure rates in the Nordic electricity market, IFN Working Paper 1065, 2015 
  7. Ewa Lazarczyk: Private and public information on the Nordic intra-day electricity market, IFN Working Paper 1064, 2015
  8. Shon Ferguson and Mark Sanctuary: Firm productivity and carbon leakage: A study of Swedish manufacturing firms, IFN Working Paper 1035, 2014
  9. Sara Fogelberg and Ewa Lazarczyk: Strategic withholding through production failures, IFN Working Paper 1015, 2014
  10. Thomas Tangerås and Johannes Mauritzen: Real-time versus day-ahead market power in a hydro-based electricity market, IFN Working Paper 1009, 2014
  11. Pär Holmberg and Andy Philpott: Supply function equilibria in networks with transport constraints, IFN Working Paper 945, 2012
  12. Johannes Mauritzen: What happens when it's windy in Denmark? An empirical analysis of wind power on price variability in the Nordic electricity market, IFN Working Paper 889, 2011
  13. Johanna Rickne: Oil prices and real exchange rate volatility in oil-exporting economies: The role of governance, IFN Working Paper 810, 2009  

Publications in scientific journals

  1. Pär Holmberg: Pro-competitive rationing in multi-unit auctions, Economic Journal, forthcoming
  2. Ewa Lazarczyk: Market-specific news and its impact on forward premia on electricity markets, Energy Economics, Vol 54, February 2016, 326-336
  3. Thomas Tangerås: Renewable electricity policy and market integration, Energy Journal, Vol 36, No 4, 2015, 331-353
  4. Johannes Mauritzen: Now or later? Trading wind power closer to real-time: How poorly designed subsidies can lead to higher balancing costs, Energy Journal, Vol 36, No 4, 2015, 149-164
  5. Johannes Mauritzen: How electricity price spikes can help overcome the energy efficiency gapEconomics Letters, Vol 134, 2015, 114-117
  6. Pär Holmberg and Bert Willems: Relaxing competition through speculation: Committing to a negative supply slopeJournal of Economic Theory, Vol 159, Part A, 2015, 236-266
  7. Sven-Olof Fridolfsson and Thomas Tangerås: Nuclear capacity auctionsEnergy Journal, Vol 36, No 3, 2015, 247-261
  8. Pär Holmberg and Ewa Lazarczyk: Comparison of congestion management techniques: Nodal, zonal and discriminatory pricing, Energy Journal, Vol 36, No 2, 2015, 145-166
  9. Johannes Mauritzen: Scrapping a wind turbine: Policy changes, scrapping incentives and why wind turbines in good locations get scrapped first, Energy Journal, Vol 35, No 2, 2014, 159-183
  10. Pär Holmberg, David Newbery and Daniel Ralph: Supply function equilibria: Step functions and continuous representations, Journal of Economic Theory, Vol 148, Nr 4, July 2013, 1509-1551
  11. Sven-Olof Fridolfsson and Thomas Tangerås: A reexamination of renewable electricity policy in Sweden, Energy Policy, Vol 58, July 2013, 57-63
  12. Edward J. Anderson, Pär Holmberg and Andrew J. Philpott: Mixed strategies in discriminatory divisible-good auctions, RAND Journal of Economics, Vol 44, No 1, Spring 3013, 1-32
  13. Johannes Mauritzen: Dead battery? Wind power, the spot market, and hydro power interaction in the Nordic electricity market, Energy Journal, Vol 34, No 1, 2013, 103-123
  14. Thomas Tangerås: Optimal transmission regulation of an integrated energy marketEnergy Economics, Vol 34, Issue 5, September 2012, 1644-1655
  15. Pär Holmberg: Strategic forward contracting in the wholesale electricity marketEnergy Journal, Vol 32, No 1, 2011, 169-202
  16. Thomas Tangerås: Designing electricity auctions: Introduction and overview, Utilities Policy, Vol 18, Issue 4, December 2010, 163-164
  17. Pär Holmberg and David Newbery: The supply function equilibrium and its implications for electricity wholesale auctions, Utilities Policy, Vol 18, Issue 4, December 2010, 209-226
  18. Pär Holmberg: Numerical calculation of an asymmetric supply function equilibrium with capacity constraints, European Journal of Operational Research, Vol. 199, Issue 1, November 2009, 285-295
  19. Pär Holmberg: Supply function equilibria of pay-as-bid auctionsJournal of Regulatory Economics, Vol 36, No. 2, October 2009, 154-177
  20. Sven-Olof Fridolfsson and Thomas Tangerås: Market power in the Nordic electricity wholesale market: A survey of the empirical evidence, Energy Policy, Vol 37, Issue 9, September 2009, 3681-3692
  21. Thomas Tangerås: Yardstick competition and quality, Journal of Economics & Management Strategy, Vol 18, Issue 2, Summer 2009, 589-613
  22. Pär Holmberg: Unique supply function equilibrium with capacity constraints, Energy Economics, Vol 30, Issue 1, January 2008, pp. 148-172

International cooperation

Visiting researchers

Collaborating with others is essential for IFN as a research institute. Our researchers co-author articles with colleagues from other institutes, and many also teach at various universities and colleges.

As part of our extensive program of guest researchers, leading international researchers visit the institute. The visitors present and pursue their research as well as interact and cooperate with researchers at IFN.

Jordglob 1 för webb


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