Market power in developing countries

N. Leeprechanon, A. K. David, S. S. Moorthy, R. D. Brooks, J. H. Nealand

Research output: Chapter in Book/Report/Conference proceedingConference PaperResearchpeer-review

3 Citations (Scopus)

Abstract

This paper elaborates on the major factors that drive market power in developing countries. These factors include (i) inherited-structural/political considerations that impact the ability of suppliers to exercise horizontal market power, (ii) economic/market drivers that determine the degree of competition and (iii) physical forces that significantly influence the design of market architecture and the degree of market power. In addition, some forms of Herfindahl-Hirschman Index (HHI) in the form of suppliers' proportional energy share, taking into account both political induction (i.e. cartel arrangement) an physical constraints (i.e. transmission congestion and local markets) are also presented. Numerical examples using a 14-suppliers in a 14-node system market are also presented to illustrate the results of the proposed indices.

Original languageEnglish
Title of host publicationPowerCon 2002 - 2002 International Conference on Power System Technology, Proceedings
PublisherIEEE, Institute of Electrical and Electronics Engineers
Pages1805-1813
Number of pages9
Volume3
ISBN (Electronic)0780374592, 9780780374591
DOIs
Publication statusPublished - 1 Jan 2002
EventInternational Conference on Power System Technology, PowerCon 2002 - Kunming, China
Duration: 13 Oct 200217 Oct 2002

Conference

ConferenceInternational Conference on Power System Technology, PowerCon 2002
CountryChina
CityKunming
Period13/10/0217/10/02

Keywords

  • cartel
  • congestion
  • constrained H-Index
  • diluted/concentrated-oligopoly
  • local market
  • Market power drivers

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