2019

Real-time versus Day-ahead Market Power in a Hydro-based Electricity Market

Reprint No. 2019:26

Author(s): Thomas Tangerås and Johannes MauritzenYear: 2019 Title: Journal of Industrial Economics Volume (No.): 66 (4) Pages: 904–941
Online article (restrictions may apply)
Preliminary version


This paper develops a theoretical framework to analyze the link between real‐time and day‐ahead competition in a hydro‐based wholesale electricity market. Predictions of the model are tested on a detailed data set of trades and prices from the Nordic power exchange, Nord Pool. We study market performance before and after a reform that increased the number of price areas (local markets) in Sweden, and reject the hypothesis of perfect competition in some of the Swedish price areas. Our results suggest that firms exercised some local market power during the sample period.


Reference:
Tangerås, Thomas and Johannes Mauritzen (2019), "Real-time versus Day-ahead Market Power in a Hydro-based Electricity Market". Journal of Industrial Economics 66(4), 904–941.

Thomas Tangerås

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Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

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Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

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