Data and Code for: Start-up Costs and Market Power: Lessons from the Renewable Energy Transition
起動費用と市場支配力：再生可能エネルギー転換からの教訓 (AI 翻訳)
Akshaya Jha, Gordon Leslie
🤖 gxceed AI 要約
日本語
本論文は、発電所の起動費用が市場支配力に与える影響を動的競争モデルで分析。太陽光発電の大規模導入が夕方の競争を低下させ、化石燃料プラントの収益性を高めることを実証。静的なマークアップは市場支配力を過大評価することを示す。
English
This paper analyzes how start-up costs affect market power using a dynamic competitive benchmark. It shows that large-scale solar expansion can increase fossil-fuel plant profitability by softening competition at sunset, and that static markups overstate market power rents.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本でも太陽光発電の急増により火力発電の起動停止が頻発しており、本論文の知見は市場設計や容量メカニズムの議論に示唆を与える。特に、再生可能エネルギー導入が競争環境に与える影響を考慮した政策設計が重要。
In the global GX context
This paper provides critical insights for electricity market design in the global renewable energy transition. Its dynamic benchmark offers a more accurate measure of market power, relevant for regulators and policymakers dealing with solar integration and capacity mechanisms.
👥 読者別の含意
🔬研究者:A dynamic competition model that separates market power from start-up cost recovery, useful for empirical IO and energy economics.
🏢実務担当者:Fossil-fuel plant operators can understand how solar expansion affects their competitive position and profitability, especially during evening ramp-up.
🏛政策担当者:Insights on how renewable subsidies and market design (e.g., capacity payments) may inadvertently increase fossil-fuel rents due to start-up costs.
📄 Abstract（原文）
This is the replication package for Start-up Costs and Market Power: Lessons from the Renewable Energy Transition authored by Akshaya Jha and Gordon Leslie.<b><br><br>Abstract: </b>Firms expect to recover the fixed costs required to start production by earning positive operating profits in subsequent periods. We develop a dynamic competitive benchmark that accounts for start-up costs, showing that static markups overstate the rents attributable to market power in an electricity market where generators frequently stop and start production in response to rooftop solar output. We demonstrate that the large-scale expansion of solar capacity can lead to increases in the collective profitability of fossil-fuel plants because competition softens at sunset---plants displaced by solar during the day must incur start-up costs to compete in the evening.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3886/e208143v1-207977first seen 2026-07-30 05:16:33
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