Research faculty

Thomas Tangerås

Associate Professor, Program Director

Research interests: Electricity markets, telecoms, political economics and regulation.


Among the questions that Thomas Tangerås tries to answer with his reserach:

  • How well do electricity markets perform?
  • How important is the grid for electricity market performance?
  • What is the role of policy process for market performance?


New research

Cournot Competition in Wholesale Electricity Markets: The Nordic Power Exchange, Nord Pool Erik Lundin and Thomas Tangerås

Thomas Tangerås' main fields of interest are industrial economics and political economics. His current research focuses on (i) electricity markets, (ii) telecommunications and (iii) language policies. He is currently Visiting scholar at Stanford University.

Recent working papers

Cournot competition in wholesale electricity markets: The Nordic power exchange, Nord Pool (with Erik Lundin), IFN WP 1191, November 2017

The competitive effects of linking electricity markets across space and time (with Frank A. Wolak), IFN WP 1184, October 2017

Equilibrium supply security in a multinational electricity market with renewable production, IFN WP 1162, EPRG WP 1707, revised September 2017 

Economics and politics of international investment agreements (with Hernrik Horn), IFN WP 1140, November 2016

Real-time versus day-ahead market power in a hydro-based electricity market (with Johannes Mauritzen), IFN WP 1009, revised April 2017

Scientific publications

International network competition under national regulation (with Joacim Tåg), International Journal of Industrial Organization, Vol. 47, July 2016, 152-185

Renewable electricity policy and market integration, Energy Journal, Vol. 36, Number 4, October 2015, 331-353

Nuclear capacity auctions (with Sven-Olof Fridolfsson), Energy Journal, Vol. 36, Number 3, July 2015, 247-261

Network competition with income effects, RAND Journal of Economics, Vol. 45, Issue 3, Fall 2014, 645-673

A reexamination of renewable electricity policy in Sweden (with Sven-Olof Fridolfsson), Energy Policy, Vol. 58, July 2013, 57-63

Optimal transmission regulation of an integrated energy market, Energy Economics, Vol. 34, Issue 5, September 2012, 1644-1655

Designing electricity auctions: Introduction and overviewUtilities Policy, Vol. 18, Issue 4, December 2010, 163-164

Market power in the Nordic electricity wholesale market: A survey of the empirical evidence (with Sven-Olof Fridolfsson), Energy Policy, Vol. 37, Issue 9, September 2009, 3681-3692

Yardstick competition and quality, Journal of Economics & Management Strategy, Vol. 18, Issue 2, Summer 2009, 589-613

Democracy, autocracy and the likelihood of international conflict, Economics of Governance, Vol. 10, No. 2, April 2009, 99-117

Ethnic diversity, civil war and redistribution (with Nils-Petter Lagerlöf), Scandinavian Journal of Economics, Vol. 111, Issue 1, March 2009, 1-27

Unilingual versus bilingual education: a political economy analysis (with Javier Ortega), Journal of the European Economic Association, Vol. 6, Issue 5, September 2008, 1078-1108 

From rent seeking to human capital: a model where resource shocks cause transitions from stagnation to growth (with Nils-Petter Lagerlöf), Canadian Journal of Economics, Vol. 41, No. 3, August 2008, 760-780

Voter turnout in small referendums (with Morten Søberg), Electoral Studies, Vol. 26, Issue 2, June 2007, 445-459

Collusion-proof yardstick competition, Journal of Public Economics, Vol. 83, No. 2, February 2002, 231-254


Newspaper articles, books, book chapters, policy reports

Vad händer om kärnkraften läggs ner? (with Erik Lundin),, March 18, 2016

Släckta kabel-tv-nät försämrar konkurrensenDagens Samhälle, November 27, 2015

En samhällsekonomisk analys av konsekvenserna av att stänga eller begränsa tjänsteutbudet i ett befintligt kabel-tv-nät, Report commissioned by Com Hem AB, 2015

National policies for renewable electricity are an obstacle to market integration in the European Union, IAEE Energy Forum, Third Quarter, 2014, 33-34

Vi kan stänga två kärnkraftsreaktorer (with Erik Lundin), Expressen Debatt, July 15, 2014 (Source document)

Begränsa de offentliga bolagen, SvD Brännpunkt, August 29, 2013

Energimarknaden, ägandet och klimatet (with Tommy Lundgren, Jesper Stage and Björn Carlén), SNS Förlag, 2013

Elprisskillnaderna i Sverige är motiverade - slutreplik (with Sven-Olof Fridolfsson and Pär Holmberg), Brännpunkt, March 25, 2013

Backa inte från reformen med elområden (with Sven-Olof Fridolfsson and Pär Holmberg), Brännpunkt, March 15, 2013

En gemensam elmarknad stärker EU:s konkurrenskraft (with Pär Holmberg), in Antonina Bakardjieva, Lars Oxelheim and Thomas Persson (eds.): Ett konkurrenskraftigt EU till rätt pris - Europaperspektiv 2013, Santérus Förlag, 2013, 207-236

Elområden viktiga för en effektivare elmarknad (with Pär Holmberg), Debatt, March 5, 2012

Slöseri att inte genast införa timdebitering av hushållsel (with Sven-Olof Fridolfsson), DN Debatt, November 11, 2011

Investeringar på elmarknaden - fyra förslag för förbättrad funktion (with Sven-Olof Fridolfsson), Rapport till Expertgruppen för miljöstudier 2011:5

Norge låg bakom vinterns rekordhöga svenska elpriser (with Sven-Olof Fridolfsson), DN Debatt, October 1, 2010

Nationella beslut kan bidra till att lösa det globala klimatproblemet, IFN Nyhetsbrev #3, 2010

Släpp fram fler ägare till svenska kärnkraftverk (with Sven-Olof Fridolfsson), SvD Brännpunkt, June 17, 2010

Är vindkraftkooperativens priser marknadsmässiga? Report commissioned by Svensk Vindenergi, 2009

Priserna på elmarknaden måste tåla en granskning (with Sven-Olof Fridolfsson), DN Debatt, December 29, 2009

Fungerar konkurrensen på elmarknaden? (with Sven-Olof Fridolfsson) Ekonomisk Debatt, No. 8, 2009, 21-37

Kollektiv anslutning av TV/bredband - ett konkurrensproblem? Uppdragsforskningsrapport 2009:6, Konkurrensverket, 2009

Piska bättre än morot när hushållen ska spara energi (with Sven-Olof Fridolfsson), DN Debatt, July 14, 2009

Är mobiltelemarknaden mogen för avreglering? (with Johan Stennek), Ekonomisk Debatt, No. 5, 2007, 60-66

Better regulation of mobile telecommunications (with Johan Stennek), SIEPS European Policy Analysis #1, 2007 

Är telemarknaden mogen för avreglering? Forskningen pekar i en annan riktning (with Johan Stennek), IFN Newsletter #1, 2007

Ekonomisk analys av SMP-bedömningar (with Johan Stennek), Report commissioned by Tele2 Sverige AB, 2003

Skälig och marknadsmässig samtrafikersättning (with Johan Stennek), Report commissioned by Tele2 Sverige AB, submitted to Länsrätten i Stockholm, 2002

Comment on Lars Hultkrantz: Telecommunications liberalisation in Sweden: Is ‘intermediate’ regulation viable?, Swedish Economic Policy Review, Vol. 9, No.2, Fall 2002, 163-165 

Efficiency problems within the adult education initiative – a rudimentary analysis, Report commissioned by the Swedish Agency for Public Management (Statskontoret), 2000

Older unpublished working papers

Intense network competition (with Johan Stennek), NET Institute WP 08-36, September 2008

Competition vs. regulation in mobile telecommunications (with Johan Stennek), NET Institute WP 08-09, September 2008





Thomas Tangerås


Ph: +46 8 665 4526
Mob: +46 70 727 5448


Thomas Tangerås is an associate professor and holds a Ph.D in economics from IIES at Stockholm University. He is an IFN Senior Research Fellow and is associated with the Electricity Policy Research Group at University of Cambridge. Before he became interested in electricity markets, he published research on such diverse topics as referendums, civil war, international conflict, language conflict and telecommunications. Thomas Tangerås has been a telecoms expert in legal matters in regards to the market for mobile telephony in Sweden. He has also co-authoured a government report on electricity markets.  




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.

Global Award

Research on entrepreneurship




The Global Award for Entrepreneurship Research is 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, in cooperation with the donor, Stockholms Köpmansklubb.

Hernando de Soto, President of the Institute for Liberty and Democracy (ILD), in Lima, Peru, is the winner of the Global Award for Entrepreneurship Research 2017. He will receive the award at a ceremony on May 15, 2016, in Stockholm.

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