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The design of effective market institutions for allocation of water among competing uses remains an economic challenge … externality which complicates transfers between consumptive and environmental water users, leading to the slow evolution of this … opportunity costs of water transfers, paving the way for a centralized market mechanism for water transfers among consumptive and …
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countries. -- Electricity ; hydropower ; thermal power ; international trade …
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We study the strategic utilization of storage in imperfect electricity markets. We apply a game-theoretic Cournot model to the German power market and analyze different counterfactual and realistic cases of pumped hydro storage. Our main finding is that both storage utilization and...
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This paper deals with economic rents arising from the development of hydroelectric generation on international watercourses. The paper briefly defines the concept of economic rent and its application to hydroelectric developments. It explores two areas of precedents that shows how the concept...
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