Measuring Carbon Market Transaction Efficiency in the Power Industry: An Entropy-Weighted TOPSIS Approach

Measuring Market Power in the Iranian Banking Industry According to the Boone Efficient-based Approach

The main objective of this paper is to evaluate the structure of the Iranian banking system and to measure the market power factor based on the Boone approach. In this paper, we investigated the Iranian organized money market, including 18 banks operating in the period of 2008-2015. To calculate the marginal cost (MC), we used a Translog Stochastic Frontier Cost Function. Findings based on the ...

Economical Modeling for Managing the Power Transaction of EVs and Power Market in Smart Parking Lots

The battery of electric vehicles (EV) can be charged from the power grid or discharged back to it. Parking lots can aggregate hundreds of EVs which makes them a significant and flexible load/generation component in the grid. In a smart grid environment, the smart parking lot (SPL) can benefit from the situation of the simultaneous connection to the EVs and power grid. This paper proposes a new ...

Measuring the Market Power of the Portuguese Milk Industry

This paper is based on the previous work of Appelbaum (Journal of Econometrics, 1979, 9, pp. 283± 94; 1982, 19, pp. 287± 99). Iwata (Econometrics 1974, 42, pp. 947± 66) and Rogers (PhD Dissertation, George Washington University, 1983). We estimate the degree of market power of an oligopolistic industry, using a linear system and the 2SLS estimation method. Our departure point is the work of App...

Transaction Costs and Market Efficiency

Previous research suggests that a decline in transactions costs leads to improved economic efficiency. In this paper, we show that such a decline will introduce increasingly uninformed consumers into established markets. Using a model of financial market inefficiency, we show that this increase in uninformed individuals can increase market risk (volatility), can decrease efficiency, and may red...

An iterative approach for estimation of efficiency by weighted distance