Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | LOCUS Repositório Institucional da UFV |
Texto Completo: | http://locus.ufv.br/handle/123456789/72 |
Resumo: | With the challenge of expanding the installed capacity of electric power in Brazil and correct problems the industry was facing, a process of structural reform was implemented in the country. From this reform, the expansion of power transmission segment started to be done through the process of bidding for a concession, using the instrument of auctions. Promoting competition in auctions for grant of concession of public electricity transmission in Brazil is one of the concerns of the National Agency of Electricity. In these auctions, the participation of both individual companies or consortia is allowed. These can have positive or negative effects on competition. The focus of this work was to verify the effect of the consortia bidding on the competition for the market, if the jointly bids were more or less and if the discounts were higher or lower than the bids and discounts of companies participating alone. The auctions in the segment of electric power transmission held in Brazil from 2000 to 2011 were considered. Estimates were made using models with instrumental variables and treatment effects, to consider the endogeneity in the decision of companies to form a consortium. Estimates results of 606 bids, including winners and losers (pooled model), and a model with only the 148 winning proposals were similar. Consortia, on average, were related to higher bids and lower discounts - a less competitive behavior. Descriptive analyzes were also made on the participants in the auctions and the relationship of discounts with institutional factors, to characterize the competition in the segment. Future studies should examine the factors that led consortia to have less competitive bids and discounts. The reasons for this may indicate improvements to be made in the design of the next auctions, to encourage more competitive bids by consortiums and reduce optimistic estimations of single companies. |
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Tozei, Nayara Penedahttp://lattes.cnpq.br/9487627205135818Mattos, Leonardo Bornacki dehttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4735944Y0Vieira, Wilson da Cruzhttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4723222Y8Cassuce, Francisco Carlos da CunhaAnuatti Neto, Franciscohttp://lattes.cnpq.br/72277523122094142015-03-19T19:30:11Z2013-06-252015-03-19T19:30:11Z2013-02-22TOZEI, Nayara Peneda. Effects of consortia participation on bidding and discounts behavior on electricity transmission auctions in Brazil. 2013. 116 f. Dissertação (Mestrado em Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos) - Universidade Federal de Viçosa, Viçosa, 2013.http://locus.ufv.br/handle/123456789/72With the challenge of expanding the installed capacity of electric power in Brazil and correct problems the industry was facing, a process of structural reform was implemented in the country. From this reform, the expansion of power transmission segment started to be done through the process of bidding for a concession, using the instrument of auctions. Promoting competition in auctions for grant of concession of public electricity transmission in Brazil is one of the concerns of the National Agency of Electricity. In these auctions, the participation of both individual companies or consortia is allowed. These can have positive or negative effects on competition. The focus of this work was to verify the effect of the consortia bidding on the competition for the market, if the jointly bids were more or less and if the discounts were higher or lower than the bids and discounts of companies participating alone. The auctions in the segment of electric power transmission held in Brazil from 2000 to 2011 were considered. Estimates were made using models with instrumental variables and treatment effects, to consider the endogeneity in the decision of companies to form a consortium. Estimates results of 606 bids, including winners and losers (pooled model), and a model with only the 148 winning proposals were similar. Consortia, on average, were related to higher bids and lower discounts - a less competitive behavior. Descriptive analyzes were also made on the participants in the auctions and the relationship of discounts with institutional factors, to characterize the competition in the segment. Future studies should examine the factors that led consortia to have less competitive bids and discounts. The reasons for this may indicate improvements to be made in the design of the next auctions, to encourage more competitive bids by consortiums and reduce optimistic estimations of single companies.Com o desafio de ampliar a capacidade instalada de energia elétrica no Brasil e corrigir problemas enfrentados no setor, foi implantado um processo de reforma estrutural no país. A partir desse processo, a expansão do segmento de transmissão de energia passou a ser feita por meio de licitações para outorga de concessão, utilizando o instrumento de leilões. Promover competição em leilões para outorga de concessão de serviços públicos de transmissão de energia elétrica, no Brasil, é uma das preocupações da Agência Nacional de Energia Elétrica. Os editais de licitação permitem a participação tanto de empresas isoladamente como de consórcios. Estes podem ter efeitos positivos ou negativos sobre a competição. O foco deste trabalho foi verificar o efeito dos consórcios sobre os lances e os deságios dos lances, ou seja, se os lances dados de forma conjunta foram lances maiores ou menores e se os deságios foram maiores ou menores em relação aos das empresas que participaram de forma isolada. Foram considerados os leilões realizados no Brasil de 2000 a 2011, no segmento de transmissão de energia elétrica. Foram feitas estimativas utilizando modelos com variáveis instrumentais e de tratamento de efeitos, para considerar a endogeneidade na decisão das empresas de formar consórcios. As estimativas dos 606 lances vencedores e perdedores (modelo pooled) e do modelo com apenas as 148 propostas vencedoras foram similares. Os consórcios, na média, se relacionaram a lances maiores e deságios menores, ou seja, menos competitivos. Também foram feitas análises descritivas sobre os participantes nos leilões e sobre a relação dos deságios com fatores institucionais, para caracterizar a competição no segmento. Estudos futuros devem verificar os fatores que levaram os consórcios a lances menos competitivos. As razões para isso podem indicar melhorias a serem feitas nos desenhos dos próximos leilões, para estimular lances mais competitivos pelos consórcios e reduzir estimações otimistas de empresas individuais.Conselho Nacional de Desenvolvimento Científico e Tecnológicoapplication/pdfporUniversidade Federal de ViçosaMestrado em Economia AplicadaUFVBREconomia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos RecursosLeilõesTransmissão de energiaConsórcioAuctions, Electricity transmissionConsortiaCNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA INDUSTRIALEfeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no BrasilEffects of consortia participation on bidding and discounts behavior on electricity transmission auctions in Brazilinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:LOCUS Repositório Institucional da UFVinstname:Universidade Federal de Viçosa (UFV)instacron:UFVORIGINALtexto completo.pdfapplication/pdf882034https://locus.ufv.br//bitstream/123456789/72/1/texto%20completo.pdf706f8b4b8a3ae525e2e42e234d458f9dMD51TEXTtexto completo.pdf.txttexto completo.pdf.txtExtracted texttext/plain244472https://locus.ufv.br//bitstream/123456789/72/2/texto%20completo.pdf.txt1999cdb37ae21c9bb2f7efc36bbd7468MD52THUMBNAILtexto completo.pdf.jpgtexto completo.pdf.jpgIM Thumbnailimage/jpeg3682https://locus.ufv.br//bitstream/123456789/72/3/texto%20completo.pdf.jpg432289876e7151766a0161a56cdd5986MD53123456789/722016-04-06 07:58:01.199oai:locus.ufv.br:123456789/72Repositório InstitucionalPUBhttps://www.locus.ufv.br/oai/requestfabiojreis@ufv.bropendoar:21452016-04-06T10:58:01LOCUS Repositório Institucional da UFV - Universidade Federal de Viçosa (UFV)false |
dc.title.por.fl_str_mv |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil |
dc.title.alternative.eng.fl_str_mv |
Effects of consortia participation on bidding and discounts behavior on electricity transmission auctions in Brazil |
title |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil |
spellingShingle |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil Tozei, Nayara Peneda Leilões Transmissão de energia Consórcio Auctions, Electricity transmission Consortia CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA INDUSTRIAL |
title_short |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil |
title_full |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil |
title_fullStr |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil |
title_full_unstemmed |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil |
title_sort |
Efeitos da participação de consórcios no comportamento dos lances e deságios em leilões de transmissão de energia elétrica no Brasil |
author |
Tozei, Nayara Peneda |
author_facet |
Tozei, Nayara Peneda |
author_role |
author |
dc.contributor.authorLattes.por.fl_str_mv |
http://lattes.cnpq.br/9487627205135818 |
dc.contributor.author.fl_str_mv |
Tozei, Nayara Peneda |
dc.contributor.advisor-co1.fl_str_mv |
Mattos, Leonardo Bornacki de |
dc.contributor.advisor-co1Lattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4735944Y0 |
dc.contributor.advisor1.fl_str_mv |
Vieira, Wilson da Cruz |
dc.contributor.advisor1Lattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4723222Y8 |
dc.contributor.referee1.fl_str_mv |
Cassuce, Francisco Carlos da Cunha |
dc.contributor.referee2.fl_str_mv |
Anuatti Neto, Francisco |
dc.contributor.referee2Lattes.fl_str_mv |
http://lattes.cnpq.br/7227752312209414 |
contributor_str_mv |
Mattos, Leonardo Bornacki de Vieira, Wilson da Cruz Cassuce, Francisco Carlos da Cunha Anuatti Neto, Francisco |
dc.subject.por.fl_str_mv |
Leilões Transmissão de energia Consórcio |
topic |
Leilões Transmissão de energia Consórcio Auctions, Electricity transmission Consortia CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA INDUSTRIAL |
dc.subject.eng.fl_str_mv |
Auctions, Electricity transmission Consortia |
dc.subject.cnpq.fl_str_mv |
CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA INDUSTRIAL |
description |
With the challenge of expanding the installed capacity of electric power in Brazil and correct problems the industry was facing, a process of structural reform was implemented in the country. From this reform, the expansion of power transmission segment started to be done through the process of bidding for a concession, using the instrument of auctions. Promoting competition in auctions for grant of concession of public electricity transmission in Brazil is one of the concerns of the National Agency of Electricity. In these auctions, the participation of both individual companies or consortia is allowed. These can have positive or negative effects on competition. The focus of this work was to verify the effect of the consortia bidding on the competition for the market, if the jointly bids were more or less and if the discounts were higher or lower than the bids and discounts of companies participating alone. The auctions in the segment of electric power transmission held in Brazil from 2000 to 2011 were considered. Estimates were made using models with instrumental variables and treatment effects, to consider the endogeneity in the decision of companies to form a consortium. Estimates results of 606 bids, including winners and losers (pooled model), and a model with only the 148 winning proposals were similar. Consortia, on average, were related to higher bids and lower discounts - a less competitive behavior. Descriptive analyzes were also made on the participants in the auctions and the relationship of discounts with institutional factors, to characterize the competition in the segment. Future studies should examine the factors that led consortia to have less competitive bids and discounts. The reasons for this may indicate improvements to be made in the design of the next auctions, to encourage more competitive bids by consortiums and reduce optimistic estimations of single companies. |
publishDate |
2013 |
dc.date.available.fl_str_mv |
2013-06-25 2015-03-19T19:30:11Z |
dc.date.issued.fl_str_mv |
2013-02-22 |
dc.date.accessioned.fl_str_mv |
2015-03-19T19:30:11Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
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masterThesis |
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publishedVersion |
dc.identifier.citation.fl_str_mv |
TOZEI, Nayara Peneda. Effects of consortia participation on bidding and discounts behavior on electricity transmission auctions in Brazil. 2013. 116 f. Dissertação (Mestrado em Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos) - Universidade Federal de Viçosa, Viçosa, 2013. |
dc.identifier.uri.fl_str_mv |
http://locus.ufv.br/handle/123456789/72 |
identifier_str_mv |
TOZEI, Nayara Peneda. Effects of consortia participation on bidding and discounts behavior on electricity transmission auctions in Brazil. 2013. 116 f. Dissertação (Mestrado em Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos) - Universidade Federal de Viçosa, Viçosa, 2013. |
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http://locus.ufv.br/handle/123456789/72 |
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por |
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openAccess |
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Universidade Federal de Viçosa |
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Mestrado em Economia Aplicada |
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UFV |
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BR |
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Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos |
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Universidade Federal de Viçosa |
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