Dynamic and strategic behavior in hydropower-dominated electricity markets : empirical evidence for Colombia

In this paper we formulate a dynamic multi-unit auction model to characterize bidding behavior in hydro power dominated electricity markets. Our model implies that, in order to maximize expected profits, hydro producers will submit bid prices above its ma

Detalles Bibliográficos
Autores Principales: Balat, Jorge, Carranza, Juan Esteban, Martin, Juan D.
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2015
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/6175