Change search
ReferencesLink to record
Permanent link

Direct link
Even Flow - Water coordination efficiency & Hydropower production under outflow regulation
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2016 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This thesis sets out to investigate the impact of the European Union’s water framework directive on water coordination efficiency in the hydropower market, and whether water coordination inefficiency might offset the benefits of market competition. I implement a dynamic market model examining Stackelberg competition and a monopoly/collusion market type with regards to reservoir and production capacities and the impact of upstream production plans on downstream production possibilities. The main finding is that under limited storage possibilities, the lack of centralized coordination planning causes competition to be less desirable than a private monopoly from a consumer welfare maximizing perspective. However, granted that the reservoir and storage possibilities are big enough in relation to the outflow requirement – the benefits of competition outweigh this coordination cost and the need for collusive behavior.

Place, publisher, year, edition, pages
Keyword [en]
Stackelberg competition, collusion, water framework directive, water resource management, energy demand
National Category
URN: urn:nbn:se:umu:diva-123269OAI: diva2:944404
Available from: 2016-06-29 Created: 2016-06-29

Open Access in DiVA

fulltext(767 kB)26 downloads
File information
File name FULLTEXT01.pdfFile size 767 kBChecksum SHA-512
Type fulltextMimetype application/pdf

By organisation

Search outside of DiVA

GoogleGoogle Scholar
Total: 26 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 86 hits
ReferencesLink to record
Permanent link

Direct link