This paper studies consumer search and pricing behavior in the B ritish domestic electricity
market following its opening to competition in 1999. We develop a sequential search model …

Many consumers do not take advantage of lower energy prices available in liberalized retail
markets. We provide evidence to explain why consumers may leave substantial amounts of …

Since 2008, fewer customers switched suppliers in British electricity and gas markets
despite the potential for financial gains, suggesting that psychological factors may affect …

This paper examines the influence of market power in the formation of retail and wholesale
electricity prices in the UK over 1998–2012 on the basis of Vector Error Correction model …

We analyze retailer and household behavior on the Norwegian electricity market, based on
detailed information on prices and other market characteristics. We find that there exists a …

It is well known that search costs and switching costs can create market power by
constraining the ability of consumers to change suppliers. While previous research has …

We quantify how switching costs and limited awareness affect consumer inertia in liberalized
retail electricity markets by develo** and estimating a structural demand model using a …

Electricity industries are frequently characterised by a high degree of vertical integration. We
explore the option for a generator to enlarge its participation in the retail market, and show …

Traditional demand models assume that consumers are perfectly informed about product
characteristics, including price. However, this assumption may be too strong. Unannounced …

The UK retail electricity market experienced a decline in market concentration as new
suppliers (retailers) competed with traditional incumbents. Concurrently, consumer-funded …