Pricing Behaviour under Competition in the UK Electricity Supply Industry

Serie

• The Warwick Economics Research Paper Series (TWERPS)

Resumen

• This paper investigates the evolution of electricity prices for domestic customers in the UK following the introduction of competition. The empirical analysis is based on a panel data set containing detailed information about electricity supply prices over the period 1999 to 2006. The analysis aims to test theoretical hypotheses about the nature of consumers’ switching and search costs. The econometric analysis of persistence and price dispersion provides only limited support for the view that the market is becoming more competitive and also indicates that there remain significant potential benefits to consumers from searching alternative suppliers.

autores

• Giulietti, Monica
• Otero, Jesús
• Waterson, Michael

fecha de publicación

• 2007

Área temática

• C22 - Modelos de series temporales; Regresiones cuantiles dinámicas; Modelos dinámicos de tratamiento; procesos de difusión
• C23 - Modelos uniecuacionales; variables simples: Modelos con datos de panel; Modelos espacio-temporales
• L13 - Oligopolio y otros mercados imperfectos
• L43 - Monopolios legales y regulación o desregulación
• L94 - Suministro de electricidad

Enfoque geográfico

• Colombia  Country
• United Kingdom  Country

Líneas de investigación

• Convergence
• Crosssectional Dependency
• Dynamic Panels
• Electricity Supply
• Price Competition

Issue

• 790