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IR21_002_Suarez_Private management.pdf (2.97 MB)

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Working paper

Publication date

2021

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cc-by-nc-nd, (c) Suárez, 2021
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/175070

Private management and strategic bidding behavior in electricity markets: Evidence from Colombia

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Abstract

In this paper I undertake a policy evaluation of the impact of the switch from public to private management of electricity generation units on their price bidding strategies. I draw on information about the bidding strategies of units in the Colombian electricity market to perform a double difference analysis. The evidence observed is coherent with theoretical behavioral predictions for profit maximizing agents facing short positions in forward contracts.

Subject

Indústries elèctriques, Oligopolis, Privatització

Subject (English)

Electric industries, Oligopolies, Privatization

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Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citation

SUÁREZ, Carlos. Private management and strategic bidding behavior in electricity markets: Evidence from Colombia. IREA – Working Papers. 2021. Vol.  IR21/02. [consulted: 14 of August of 2026]. Available at: https://hdl.handle.net/2445/175070

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