In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...

We analyze the ability of firms to sustain collusion in a setting which horizontally differentiated can price discriminate based on private information. Firms receive private, noisy signals regarding customers’ preferences. find that there is non-monotonic relationship between signal quality and sustainability collusion. Starting from low level, an increase precision first facilitates There is,...