use of industry-commissioned consultants, experts and lobbyists that produce information for regulatory and policy use. A … firm and regulator, linked to the role of the regulator as information-processing intermediate for the political principal …. The firm puts processed but biased information at the free disposal of the regulator, 'no strings attached', who can then …

In this paper, wee propose a model for regulatory capture that is based on information transmission and asymmetric … information. In a three- tier model, a regulator is charged by a political principal to provide a signal for the type of a … information cost and the firm enjoys higher information rents. The main feature of soft capture is that it is not based on a …

paper is to show that Variational Inequalities Problems provide a natural tool for modeling electricity restructuring in a …

Financial derivatives are important hedging tool for asset’s manager. Electricity is by its very nature the most … restructuring of the sector, electricity markets continue to be considerably less liquid than other commodities. This paper tries to …

Carbon leakage in this pape ris the phenomenon whereby Electricity Intensive Industries subject to harsh environmental … free emission allowances with a pricing of electricity whereby energy emissions and transmission costs are bundled and sold …. Industries purchase electricity according to some form of average cost price, the rest of the market is supplied at marginal cost …

) to analyse competitive electricity systems. We establish correspondences between these different models though a single …

This paper is concerned with the stategic use of a private information on the stock market. A repeated auction model is … used to analyze the evolution of the price system on a market with asymmetric information. The model turns out to be a zero …-sum repeated game with one-sided information, as introduced by Aumann and Maschler. …