@article{ART000896177},
author={김남일},
title={A Study of Strategic Behavior and Regulation in a Competitive Power Market},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2003},
volume={12},
number={1},
pages={135-160}
TY - JOUR
AU - 김남일
TI - A Study of Strategic Behavior and Regulation in a Competitive Power Market
JO - Journal of Regulation Studies
PY - 2003
VL - 12
IS - 1
PB - 한국규제학회
SP - 135
EP - 160
SN - 1738-7132
AB - This paper analyzes anti-competitive behaviors and provides a direction of their regulation in the restructured Korean power market. Using the System- Operating-Model, three separate strategic behaviors are simulated. The policy implications are derived as follows. (1) The nuclear company will earn positive profits from its strategic idling behavior. Must-run contracts should be applied to control the behavior. Moreover, the division of the company into two separate entities could be considered. (2) If some of coal-fired generators intentionally decrease the output of power, the market-clearing price will rise dramatically. A sophisticated set of market monitoring indicators and techniques should be developed to operate the market properly. (3) Had some of the pumped storage generators been reserved over peak time, peak-shaving function would have been considerably weakened. Various formats of the (implicit) collusion should be carefully examined to prevent the generators from exercising market power over peak periods.
KW - power market;strategic behavior;collusion;market power
DO -
UR -
ER -
김남일. (2003). A Study of Strategic Behavior and Regulation in a Competitive Power Market. Journal of Regulation Studies, 12(1), 135-160.
김남일. 2003, "A Study of Strategic Behavior and Regulation in a Competitive Power Market", Journal of Regulation Studies, vol.12, no.1 pp.135-160.
김남일 "A Study of Strategic Behavior and Regulation in a Competitive Power Market" Journal of Regulation Studies 12.1 pp.135-160 (2003) : 135.
김남일. A Study of Strategic Behavior and Regulation in a Competitive Power Market. 2003; 12(1), 135-160.
김남일. "A Study of Strategic Behavior and Regulation in a Competitive Power Market" Journal of Regulation Studies 12, no.1 (2003) : 135-160.
김남일. A Study of Strategic Behavior and Regulation in a Competitive Power Market. Journal of Regulation Studies, 12(1), 135-160.
김남일. A Study of Strategic Behavior and Regulation in a Competitive Power Market. Journal of Regulation Studies. 2003; 12(1) 135-160.
김남일. A Study of Strategic Behavior and Regulation in a Competitive Power Market. 2003; 12(1), 135-160.
김남일. "A Study of Strategic Behavior and Regulation in a Competitive Power Market" Journal of Regulation Studies 12, no.1 (2003) : 135-160.
