Bert Willems

Tilburg University - Department of Economics - CentER & TILEC

Associate Professor

P.O. Box 90153 Room K308

Tilburg, 5000LE

Netherlands

http://www.bertwillems.com

SCHOLARLY PAPERS

20

DOWNLOADS
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2,523

CITATIONS
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Top 25,440

in Total Papers Citations

10

Scholarly Papers (20)

1.

Risk Management in Electricity Markets: Hedging and Market Incompleteness

TILEC Discussion Paper No. 2008-031
Number of pages: 36 Posted: 12 Sep 2008 Last Revised: 20 Feb 2010
Bert Willems and Joris Morbee
Tilburg University - Department of Economics - CentER & TILEC and Catholic University of Leuven (KUL) - Center for Economic Studies and Energy Institute
Downloads 337 (65,351)

Abstract:

Electricity markets, Financial Markets, Investments

2.

Physical and Financial Virtual Power Plants

Number of pages: 12 Posted: 27 Sep 2005
Bert Willems
Tilburg University - Department of Economics - CentER & TILEC
Downloads 306 (65,807)
Citation 3

Abstract:

Futures Markets, Options Markets, Cournot, Market Power, Electricity, Arbitrage

3.

Exclusion as Inefficient Insurance

CentER Discussion Paper Series No. 2009-24, TILEC Discussion Paper No. 2009-015
Number of pages: 30 Posted: 20 Apr 2009 Last Revised: 24 Jun 2013
Cédric Argenton and Bert Willems
Tilburg Law and Economics Center (TILEC) and Tilburg University - Department of Economics - CentER & TILEC
Downloads 274 (82,016)

Abstract:

exclusivity, contracts, monopolization, risk-aversion, risk-sharing, damages

4.

Regulation of Network Infrastructure Investments: An Experimental Evaluation

TILEC Discussion Paper No. 2011-019, CentER Discussion Paper No. 2011-035
Number of pages: 38 Posted: 25 Mar 2011 Last Revised: 31 Mar 2011
Tilburg University - Department of Economics - CentER & TILEC, Tilburg University and Tilburg University - Department of Economics - CentER & TILEC
Downloads 175 (125,242)

Abstract:

Infrastructure Investment, Experiment, Price Cap, Regulatory Holiday

5.

Power Markets Shaped by Antitrust

TILEC Discussion Paper No. 2013-007
Number of pages: 32 Posted: 12 Dec 2012
Malgorzata M. Sadowska and Bert Willems
University of Bologna and Tilburg University - Department of Economics - CentER & TILEC
Downloads 153 (152,751)

Abstract:

competition policy, Article 102 TFEU, commitment decisions

6.

The Effect of Divestitures in the German Electricity Market

TILEC Discussion Paper No. 2011-020, CentER Discussion Paper No. 2011-034
Number of pages: 18 Posted: 25 Mar 2011 Last Revised: 04 Apr 2011
Hannes Weigt and Bert Willems
WWZ, Wirtschaftswissenschaftliche Fakultät der Universität Basel and Tilburg University - Department of Economics - CentER & TILEC
Downloads 130 (174,499)

Abstract:

Supply Function Equilibrium, Cournot competition, electricity markets, divestitures

7.

Market Integration and Economic Efficiency at Conflict? Commitments in the Swedish Interconnectors Case

TILEC Discussion Paper No. 2012-027
Number of pages: 25 Posted: 18 Jul 2012
Bert Willems and Malgorzata M. Sadowska
Tilburg University - Department of Economics - CentER & TILEC and University of Bologna
Downloads 114 (178,871)

Abstract:

European energy markets, transmission congestion, competition policy, Article 102 TFEU, Swedish network

Relaxing Competition Through Speculation: Committing to a Negative Supply Slope

IFN Working Paper No. 937
Number of pages: 33 Posted: 01 Jun 2011 Last Revised: 23 Nov 2012
Par Holmberg and Bert Willems
Research Institute of Industrial Economics (IFN) and Tilburg University - Department of Economics - CentER & TILEC
Downloads 80 (246,673)

Abstract:

supply function equilibrium, option contracts, strategic commitment, speculation

Relaxing Competition Through Speculation: Committing to a Negative Supply Slope

TILEC Discussion Paper No. 2012-039, CentER Discussion Paper Series No. 2012-088
Number of pages: 33 Posted: 13 Nov 2012
Par Holmberg and Bert Willems
Research Institute of Industrial Economics (IFN) and Tilburg University - Department of Economics - CentER & TILEC
Downloads 26 (407,013)

Abstract:

supply function equilibrium, option contracts, strategic commitment

9.

The Potential Impact of Cross-Ownership in Transmission: An Application to the Belgian Electricity Market

Number of pages: 30 Posted: 29 Sep 2005
Guido Pepermans and Bert Willems
KU Leuven - Faculty of Business and Economics (FEB) and Tilburg University - Department of Economics - CentER & TILEC
Downloads 106 (196,756)

Abstract:

Vertical Integration, Unbundling, Cross-Ownership, Electricity

10.

Cournot Versus Supply Functions: What Does the Data Tell Us?

CentER Discussion Paper Series No. 2007-63, TILEC Discussion Paper No. 2007-023
Number of pages: 27 Posted: 27 Aug 2007 Last Revised: 16 Aug 2009
Bert Willems, Ina Rumiantseva and Hannes Weigt
Tilburg University - Department of Economics - CentER & TILEC, affiliation not provided to SSRN and WWZ, Wirtschaftswissenschaftliche Fakultät der Universität Basel
Downloads 96 (179,955)
Citation 7

Abstract:

supply function equilibrium, Cournot competition, electricity markets

11.

Arbitrage in Energy Markets: Competing in the Incumbents Shadow

CentER Discussion Paper Series No. 2007-94, TILEC Discussion Paper No. 2007-034
Number of pages: 49 Posted: 04 Dec 2007
Gerd Kupper and Bert Willems
KU Leuven and Tilburg University - Department of Economics - CentER & TILEC
Downloads 89 (219,379)

Abstract:

Arbitrage, electricity sector, price discrimination

12.

Exclusion Through Speculation

TILEC Discussion Paper No. 2010-027, CentER Discussion Paper No. 2010-83
Number of pages: 28 Posted: 02 Aug 2010 Last Revised: 24 Jun 2013
Cédric Argenton and Bert Willems
Tilburg Law and Economics Center (TILEC) and Tilburg University - Department of Economics - CentER & TILEC
Downloads 84 (225,614)

Abstract:

exclusion, monopolization, contracts, financial contracts, derivatives, risk aversion, speculation

13.

The Generation Mix, Price Caps and Capacity Markets

TILEC Discussion Paper No. 2014-026
Number of pages: 16 Posted: 15 Jul 2014 Last Revised: 17 Jul 2014
Bert Willems
Tilburg University - Department of Economics - CentER & TILEC
Downloads 78 (207,635)

Abstract:

electricity markes, capacity mechanisms, internal energy market

14.

Risk Spillovers and Hedging: Why Do Firms Invest Too Much in Systemic Risk

CentER Discussion Paper No. 2011-057, TILEC Discussion Paper No. 2011-029
Number of pages: 22 Posted: 01 Jun 2011
Bert Willems and Joris Morbee
Tilburg University - Department of Economics - CentER & TILEC and Catholic University of Leuven (KUL) - Center for Economic Studies and Energy Institute
Downloads 67 (264,163)

Abstract:

investments in productive assets, hedging, systemic risk, risk spillovers

15.

Regulating Transmission in a Spatial Oligopoly: A Numerical Illustration for Belgium

Energy, Transport and Environment Working Paper No. 2003-14
Number of pages: 35 Posted: 12 Apr 2004
Guido Pepermans and Bert Willems
KU Leuven - Faculty of Business and Economics (FEB) and Tilburg University - Department of Economics - CentER & TILEC
Downloads 64 (268,360)

Abstract:

Regulation, Transmission, Electricity, Cournot, Numerical model, Security constraints, MPEC, loadflow, Belgium

16.

Risk Spillovers and Hedging: Why Do Firms Invest Too Much in Systemic Risk?

Number of pages: 23 Posted: 23 Sep 2011
Bert Willems and Joris Morbee
Tilburg University - Department of Economics - CentER & TILEC and Catholic University of Leuven (KUL) - Center for Economic Studies and Energy Institute
Downloads 27 (391,014)

Abstract:

17.

Exclusivity Contracts, Insurance and Financial Market Foreclosure

The Journal of Industrial Economics, Vol. 60, Issue 4, pp. 609-630, 2012
Number of pages: 22 Posted: 23 Dec 2012
Cédric Argenton and Bert Willems
Tilburg Law and Economics Center (TILEC) and Tilburg University - Department of Economics - CentER & TILEC
Downloads 1 (521,934)

Abstract:

18.

Competition in Retail Electricity Markets: An Assessment of Ten Year Dutch Experience

TILEC Discussion Paper No. 2016-011, CentER Discussion Paper No. 2016-022
Number of pages: 36 Posted: 17 Jun 2016 Last Revised: 29 Jun 2016
Machiel Mulder and Bert Willems
University of Groningen - Faculty of Economics and Business and Tilburg University - Department of Economics - CentER & TILEC
Downloads 0 (214,805)

Abstract:

retail electricity market, competition, regulation, ex-post assessment

19.

Regulatory Holidays and Optimal Network Expansion

TILEC Discussion Paper No. 2016-008, CentER Discussion Paper No. 2016-015
Number of pages: 17 Posted: 27 Apr 2016 Last Revised: 03 Oct 2016
Bert Willems and Gijsbert Zwart
Tilburg University - Department of Economics - CentER & TILEC and University of Groningen
Downloads 0 (359,295)

Abstract:

egulatory holiday, real option value, asymmetric information, optimal contract

20.

Market Completeness: How Options Affect Hedging and Investments in the Electricity Sector

Energy Economics, Vol. 32, No. 4, 2010
Posted: 13 Feb 2011 Last Revised: 17 Feb 2011
Bert Willems and Joris Morbee
Tilburg University - Department of Economics - CentER & TILEC and Catholic University of Leuven (KUL) - Center for Economic Studies and Energy Institute

Abstract:

Electricity Markets, Financial Markets, Market Completeness, Hedging, Investments, Options