Market power in developing countries

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

doi:10.1109/ICPST.2002.1067843

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 proceeding › Conference Paper › Research › peer-review

4 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 language	English
Title of host publication	PowerCon 2002 - 2002 International Conference on Power System Technology, Proceedings
Publisher	IEEE, Institute of Electrical and Electronics Engineers
Pages	1805-1813
Number of pages	9
Volume	3
ISBN (Electronic)	0780374592, 9780780374591
DOIs	https://doi.org/10.1109/ICPST.2002.1067843
Publication status	Published - 1 Jan 2002
Externally published	Yes
Event	International Conference on Power System Technology (POWERCON) 2022 - Kunming, China Duration: 13 Oct 2002 → 17 Oct 2002

Conference

Conference	International Conference on Power System Technology (POWERCON) 2022
Abbreviated title	PowerCon 2002
Country/Territory	China
City	Kunming
Period	13/10/02 → 17/10/02

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

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

Access to Document

10.1109/ICPST.2002.1067843

Cite this

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title = "Market power in developing countries",

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.",

keywords = "cartel, congestion, constrained H-Index, diluted/concentrated-oligopoly, local market, Market power drivers",

author = "N. Leeprechanon and David, \{A. K.\} and Moorthy, \{S. S.\} and Brooks, \{R. D.\} and Nealand, \{J. H.\}",

year = "2002",

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doi = "10.1109/ICPST.2002.1067843",

language = "English",

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booktitle = "PowerCon 2002 - 2002 International Conference on Power System Technology, Proceedings",

publisher = "IEEE, Institute of Electrical and Electronics Engineers",

address = "United States of America",

note = "International Conference on Power System Technology (POWERCON) 2022 , PowerCon 2002 ; Conference date: 13-10-2002 Through 17-10-2002",

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Leeprechanon, N, David, AK, Moorthy, SS, Brooks, RD & Nealand, JH 2002, Market power in developing countries. in PowerCon 2002 - 2002 International Conference on Power System Technology, Proceedings. vol. 3, IEEE, Institute of Electrical and Electronics Engineers, pp. 1805-1813, International Conference on Power System Technology (POWERCON) 2022 , Kunming, China, 13/10/02. https://doi.org/10.1109/ICPST.2002.1067843

Market power in developing countries. / Leeprechanon, N.; David, A. K.; Moorthy, S. S. et al.
PowerCon 2002 - 2002 International Conference on Power System Technology, Proceedings. Vol. 3 IEEE, Institute of Electrical and Electronics Engineers, 2002. p. 1805-1813.

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper › Research › peer-review

TY - GEN

T1 - Market power in developing countries

AU - Leeprechanon, N.

AU - David, A. K.

AU - Moorthy, S. S.

AU - Brooks, R. D.

AU - Nealand, J. H.

PY - 2002/1/1

Y1 - 2002/1/1

N2 - 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.

AB - 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.

KW - cartel

KW - congestion

KW - constrained H-Index

KW - diluted/concentrated-oligopoly

KW - local market

KW - Market power drivers

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U2 - 10.1109/ICPST.2002.1067843

DO - 10.1109/ICPST.2002.1067843

M3 - Conference Paper

AN - SCOPUS:84969779575

VL - 3

SP - 1805

EP - 1813

BT - PowerCon 2002 - 2002 International Conference on Power System Technology, Proceedings

PB - IEEE, Institute of Electrical and Electronics Engineers

T2 - International Conference on Power System Technology (POWERCON) 2022

Y2 - 13 October 2002 through 17 October 2002

ER -

Market power in developing countries

Abstract

Conference

UN SDGs

Keywords

Access to Document

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Cite this