electricity is low and net-availability and transport capacity high. Accounting for periods of gas specific pricing is relevant … prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. …

reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of … these characteristics over time and across situations. We find high reliability and that individual characteristics are …

I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal … electricity prices by at least 84 %, with a central range of 98 %–104 % for different load periods. My results suggest that there …

to invest in these public-good components, while business-stealing tends to reduce the capacity for financing new …

areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the … telephony and the electricity sector. Part of the explanation lies in an underestimate of the coordination problems, resulting …

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … lower electricity prices. Even with multiple market failures, emissions pricing remains the single most cost …

, however, be observed across countries and sectors. We focus on electricity and gas sectors because energy sectors have usually …