Annex 7 to pay TV market investigation second consultation This is the non-confidential version. Confidential information has been redacted. Redactions are indicated by [] Annex 7 to pay TV second consultation – market power Contents Section Page 1 Introduction 1 2 Market power in the wholesale supply of Core Premium Sports channels 7 3 Market power in the wholesale supply of Core Premium Movie...

This paper shows that changes in market power explain one of the major commodity crises in recent history. I estimate coffee bean demand and then use the estimates jointly with a model of supply side to recover the effectiveness of the export quota agreement. Of the 73.7% price decline between 1988 and 2001, 53.7% points are attributed to the 1989 cartel breakdown. Growing exports from Vietnam ...

In this paper we study the economic determinants of the inter-sectoral distribution of skilled workers and the long-run consequences of imperfect competition on growth within an R&D-based growth model with human capital accumulation. We find that steady-state growth is driven only by incentives to accumulate human capital and is independent of scale effects. In the model imperfect competition h...

Market power is the ability of a firm to raise the price of a product above its fair and competitive level. Locational market power is a special kind of market power that arises when locational advantage allows suppliers to act non-competitively. For example, in case of the electricity market, binding transmission constraints can prevent adequate competition. Transmission constraints can create...

Locational Marginal Pricing (LMP) is a method for energy pricing in deregulated power systems. Loss and congestion cause different prices for energy at load or generation buses. In this pricing method there is a different between payments of customers and revenue of generators which is called Merchandizing Surplus (MS). Independent System Operator (ISO) receives MS and generally renders it to T...

Market power refers to conditions where the providers of a service can consistently charge prices above those that would be established by a competitive market. There are many well known definitions of market power, including indices intended to quantify the degree of market concentration of energy supplies. Unfortunately, market power considerations within electric power markets require the co...

As with other commodity markets, markets for trading pollution permits have not been immune to market power concerns. In this paper, I survey the existing literature on market power in permit trading but also contribute with some new results and ideas. I start the survey with Hahn’s (1984) dominant-firm-fringe static model that I then extend to the case in which there are two or more strategic ...

This article analyzes concerns about market power and inequality in a model with multiple sectors, heterogeneous abilities, endogenous labor supply, nonlinear income taxation. Proportional markups no profit dissipation have effect on the economy, policy that reduces nonproportional markup raises (lowers) welfare when it is higher (lower) than weighted average of other markups. With proportional...