like other economic markets, housing market is comprised of supply and demand dimensions and equality of supply and demand makes the housing market balanced. the aim of this paper is to investigate the characteristics of housing market of tehran city and some deficiencies of this market with fundamental – applied methodology. the variable studied here is the saleable residential unit with minim...

A novel market design is proposed and developed that uses the energy-balance services for transmission-congestion relief. In this proposed market, all generators and customers have the ability to submit their offers to increase/decrease their generation/consumption, respectively. Each participant provides a ‘price–quantity’ offer to the independent system operator (ISO) which is independent of ...

this paper using generalized roeger's model calculated the lerner index for iranian active industries in 4-digit isic codes during the period 1995-2007. the findings indicate that the lerner index has been between 8 to 16 percent in 38 industries among 131 ones. the index also in different industries shows that more than 50 percent of iranian industries have monopolistic power such that th...

The abuse of market power is a potentially serious problem for market designers. Few if any indices exist to measure the potential for market power in real-time. In references [1-2] an expression for a dispatch-to-price sensitivity matrix, M, was derived. The expression requires information about network topology and parameters as well as the rules used to operate the market. While computing th...

Using the Generalised Lotka Volterra (GLV) model adapted to deal with muti agent systems we can investigate economic systems from a general viewpoint and obtain generic features common to most economies. Assuming only weak generic assumptions on capital dynamics, we are able to obtain very specific predictions for the distribution of social wealth. First, we show that in a ’fair’ market, the we...

In the context of the recent electricity market reforms in Europe and the US, we evaluate the performance of the Spanish pool. Our method is not based on price-cost estimates but rather on the different behavior of generators with higher market power as compared to the behavior of more competitive producers. Our results indicate that the two larger operators in the market are able to increase p...

Restructuring of electrical market worldwide has brought the issue of market competition to the forefront. This new perspective has given rise to competition with the goal of price fall and technological innovation in the sector. In the last few years a great deal of attention is given to the possibility of a group of producers (agents) exercising market power by means of congestion effects. Th...