Simulation Models of Market Power in Electric Markets

Speaker(s): 
Date: 
October 26, 2004 - 12:00pm
Location: 
Bldg. 90
Seminar Host/Point of Contact: 

Policy makers and regulators, as well as traders have traditionally employed relatively simple statistical measures as the primary decision tools to evaluate the potential for market power. This talk will discuss an alternative: the use of oligopoly simulation models. I first review basic oligopoly equilibrium concepts. I will then present results of market simulations that attempt to "backcast" historic results. I end with a discussion of the practical issues related to integrating such tools into the policy process.

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Schedule subject to change without notice. If you are coming from off-site, please call first to verify. UC staff and guests are welcome. LBNL shuttle buses stop every few minutes at marked sidewalk locations along Bancroft and Hearst Avenues and Rockridge BART.