Monopsony behavior in the power generation market

Wilson, John D.; O’Boyle, Mike; Lehr, Ron

doi:10.1016/j.tej.2020.106804

Cited by 3 publications

(1 citation statement)

References 4 publications

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“…The cement market in Indonesia has undergone significant changes, after a long oligopoly market, along with the arrival of foreign investors and local investors who were given permission to establish new factories in Indonesia, so the market shifted to monopsony (Wilson et al, 2020); (Sokolova & Sorensen, 2021). The presence of these new competitors spurred the incumbent brand to further increase customer satisfaction so as to increase brand loyalty.…”

Section: Introductionmentioning

confidence: 99%

Effect of Brand Image, Promotion and Physical Distribution on Brand Loyalty with Customer Satisfaction as the Intervening Variable

Mustofa

2022

jrssem

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This research is motivated by changes in the cement market in Indonesia along with the addition of several new cement brands that are competitors for the incumbent cement brands that have existed for a long time. Per capita cement consumption in Indonesia is still low compared to three ASEAN countries such as Malaysia, Vietnam and Thailand. Besides, there is a decrease in Top Brand Image between 2018-2019 for the Semen Tiga Roda brand. In the arena of increasingly fierce competition between brands, it is necessary to increase brand loyalty, where brand loyalty is influenced by the level of customer satisfaction. This customer satisfaction is an intervening variable to further increase brand loyalty. When customers are satisfied, they will be more loyal to the brand so that customers do not easily move to other brands. Many factors affect the increase in brand loyalty, including promotion, brand image and physical distribution. So the purpose of this study was to determine the effect of brand image, promotion and physical distribution on brand loyalty with satisfaction as an intervening variable. The location of the study was carried out in Greater Jakarta with the unit of analysis was members of the Greater Jakarta REI as many as 250 respondents. This research uses path analysis method with structural equation modeling (SEM) technique. These results find empirical facts that brand image, promotion and physical distribution together have a significant effect on customer satisfaction, and customer satisfaction has a significant effect on brand loyalty. Thus, the higher the customer satisfaction, the higher the brand loyalty will be.

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Section: Introductionmentioning

confidence: 99%

Effect of Brand Image, Promotion and Physical Distribution on Brand Loyalty with Customer Satisfaction as the Intervening Variable

Mustofa

2022

jrssem

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Biogas production in United States dairy farms incentivized by electricity policy changes

2023

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An Agent-Based Bidding Simulation Framework to Recognize Monopoly Behavior in Power Markets

et al. 2022

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Although many countries prefer deregulated power markets as a means of containing power costs, a monopoly may still exist. In this study, an agent-based bidding simulation framework is proposed to detect whether there will be a monopoly in the power market. A security-constrained unit commitment (SCUC) is conducted to clear the power market. Using the characteristics that the agent can fully explore in a certain environment and the Q-learning algorithm, each power producer in the power market is modeled as an agent, and the agent selects a quotation strategy that can improve profits based on historical bidding information. The numerical results show that in a power market with monopoly potential among the power producers, the profits of the power producers will not converge, and the locational marginal price will eventually become unacceptable. Whereas, in a power market without monopoly potential, power producers will maintain competition and the market remains active and healthy.

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Monopsony behavior in the power generation market

Cited by 3 publications

References 4 publications

Effect of Brand Image, Promotion and Physical Distribution on Brand Loyalty with Customer Satisfaction as the Intervening Variable

Effect of Brand Image, Promotion and Physical Distribution on Brand Loyalty with Customer Satisfaction as the Intervening Variable

Biogas production in United States dairy farms incentivized by electricity policy changes

An Agent-Based Bidding Simulation Framework to Recognize Monopoly Behavior in Power Markets

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