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Public-Private Sector Research Center
IESE, Business School

Research Workshop on Industrial Organization: Energy and Climate Economics

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Barcelona, June 14, 2011

Workshop| Program| Coordinators| Public-Private Sector Research Center|

Workshop

This research workshop will be the fifteenth of the series of quarterly workshops organized by the Public-Private Sector Research Center. The aim of these workshops is to bring together researchers who are in the Barcelona area and also researchers outside Barcelona. For this edition we have selected papers dealing with different aspects of energy and climate economics. Topics to be discussed include: climate change policy; market power in electricity markets; the impact of wind generation on electricity spot markets; forward contracting in gas markets; and the evolution of energy policies in the European and Spanish energy markets. The 5th Report of the Public-Private Sector Research Center (The Spanish Gas and Electricity Sector: Markets, Regulation and Environmental Policies) will be presented as part of this workshop.
  

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Program

  9:30-10:30Global Climate Games: How Pricing and a Green Fund Foster Cooperation  (PDF, 672 Kb)
Peter CRAMTON,
University of Maryland
See presentation  (PDF, 1301 Kb)   

Discussant: Roberto Burguet, Institute of Economic Analysis - CSIC
See presentation  (PDF, 20 Kb)  
 
10:30-11:30

How Do Firms Exercise Unilateral Market Power?  Evidence from a Bid-Based Wholesale Electricity Market  (PDF, 537 Kb)
Frank WOLAK,
Stanford University
See presentation  (PDF, 778 Kb)

Discussant:  Mar Reguant, Massachusetts Institute of Technology, MIT
See presentation  (PDF, 107 Kb)  
 

11:30-12:00Coffee break
 
12:00-12:50

Special session: The Spanish gas and electricity sector
Giulio FEDERICO,
Public-Private Sector Research Center
See presentation  (PDF, 505 Kb)
Juan José ALBA RIOS, Head of Regulatory Affairs, Endesa, S.A. 
 
 

12:50-14:00

Do Firms Sell Forward for Strategic Reasons? An Application to the Wholesale Market for Natural Gas 
José-Luis MORAGA
, IESE Business School & Public-Private Sector Research Center
See presentation  (PDF, 350 Kb)

Production variability in spot markets  (PDF, 318 Kb)
Albert BANAL-ESTANOL
, Universitat Pompeu Fabra & Public-Private Sector Research Center
See presentation  (PDF, 592 Kb)

Discussant: Joan-Ramon Borrell, University of Barcelona & Public-Private Sector Research Center 
Discussion of José Luis Moraga  (PDF, 37 Kb)
Discussion of Albert Banal-Estanol  (PDF, 38 Kb)  
  

14:00-15:30Lunch
 
   
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Coordinators

Albert Banal-Estanol
Research Fellow, Public-Private Sector Research Center, IESE Business School
Assistant Professor, Universitat Pompeu Fabra

Giulio Federico
Policy Research Fellow, Public-Private Sector Research Center, IESE Business School

Prof. Xavier Vives
Professor of Economics and Financial Management, IESE Business School
Academic Director, Public-Private Sector Research Center, IESE Business School

  

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Public-Private Sector Research Center

The Public-Private Sector Research Center was created in October of 2001. Its mission is to foster cooperation between the private sector and public administrations, as well as the exchange of ideas and initiatives, through dialogue, research and education.

The Center is sponsored by the following organizations: Accenture, Ajuntament de Barcelona, Departament d'Economia i Coneixement de la Generalitat de Catalunya, Departament d'Empresa i Ocupació de la Generalitat de Catalunya, Diputació de Barcelona, Endesa, FOBSIC, Fundació AGBAR, Institut Català de les Indústries Culturals,  Mediapro, Sanofi-Aventis and ATM, FGC and TMB.

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Date and Location
Barcelona, June 14, 2011
IESE Business School
Room Q-402
C/ Arnús i Garí, 3-7
08034 Barcelona
For more information
IESE Barcelona 
Public-Private Sector Research Center
Tel.: (+34) 93 253 42 00
Fax: (+34) 93 253 43 43
spsp@iese.edu 
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