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6 - Energy-related Market Forms

Published online by Cambridge University Press:  19 December 2024

Massimo Filippini  and
Suchita Srinivasan
Massimo Filippini
Affiliation:
ETH Zürich and Università della Svizzera Italiana
Suchita Srinivasan
Affiliation:
ETH Zürich
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Summary

In this chapter, we present the most important market forms that are relevant for understanding the functioning of energy markets and energy-related markets. This presentation is introduced by a deep discussion on the concepts of economies of scale and density, that are relevant to understand these market forms. We then discuss the following market forms: monopoly, perfect competition, monopolistic competition, and oligopoly. The presentation of these market forms is also integrated with some applications in the energy sector. For example, after presenting monopolies in a general way, we describe the natural monopoly and role regulation in the electricity and gas distribution sectors. At the end of the chapter, we discuss issues in developing countries related to the topics discussed in the chapter.

Keywords

energy marketsenergy-related marketseconomies of scaleeconomies of scopeeconomies of densityeconomies of vertical integrationmonopolyperfect competitionmonopolistic competitionoligopoly
Type
Chapter
Information
An Introduction to Energy Economics and Policy , pp. 127 - 161
Publisher: Cambridge University Press
Print publication year: 2024
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC-ND 4.0 https://creativecommons.org/cclicenses/

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