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Designing Electricity Auctions
Fabra, Natalia; Fehr, Nils-Henrik von der; Harbord, David - EconWPA - 2002
Motivated by the new auction format introduced in the England and Wales electricity market, as well as the recent … debate in California, we characterize bidding behavior and market outcomes in uniform and discriminatory electricity auctions … the analysis of electricity auctions. In particular, we show that analogies with continuous share auctions are misplaced …
Persistent link: https://www.econbiz.de/10005135073
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Opting-out in profit-sharing regulation
Moretto, Michele; Valbonesi, Paola - EconWPA - 2004
To avoid the extremely high profit levels found in recent experiences with price cap regulation, some regulators have proposed a profit- sharing mechanism that revises prices to the benefit of consumers. This paper investigates the conditions under which a regulator can implement such a...
Persistent link: https://www.econbiz.de/10005412990
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Opting-out in profit-sharing regulation
Moretto, Michele; Valbonesi, Paola - EconWPA - 2004
To avoid the extremely high profit levels found in recent experiences with price cap regulation, some regulators have proposed a profit-sharing mechanism that revises prices to the benefit of consumers. This paper investigates the conditions under which a regulator can implement such a...
Persistent link: https://www.econbiz.de/10005561433
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FORECASTING SPOT ELECTRICITY PRICES WITH TIME SERIES MODELS
Weron, Rafal; Misiorek, Adam - EconWPA - 2005
In this paper we study simple time series models and assess their forecasting performance. In particular we calibrate ARMA and ARMAX (where the exogenous variable is the system load) processes. Models are tested on a time series of California power market system prices and loads from the period...
Persistent link: https://www.econbiz.de/10005556334
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Political Economy of Electricity Reform: A Case Study in Gujarat, India
Hansen, Christopher Joshi; Bower, John - EconWPA - 2004
In India, the supply of electricity relies heavily on a virtually bankrupt and sometimes corrupt system of state … electricity boards (SEBs), which have failed to bring electricity to approximately 40% of rural households. High subsidy levels to … agriculture and domestic customers and widespread electricity theft have resulted in weak financial conditions for the SEBs; and …
Persistent link: https://www.econbiz.de/10005118875
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Modeling and forecasting electricity loads: A comparison
Weron, Rafal; Misiorek, Adam - EconWPA - 2005
In this paper we study two statistical approaches to load forecasting. Both of them model electricity load as a sum of …
Persistent link: https://www.econbiz.de/10005119116
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Privatization, Corporate Control and Regulatory Reform: The case of Telefonica
Bel, Germa; Trillas, Francesc - EconWPA - 2004
This study analyzes the interaction of agency problems in public policy and of agency problems inside the firm: it investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization were designed to promote a disperse ownership and...
Persistent link: https://www.econbiz.de/10005413213
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Powering a Green Progress: The Effect of Electricity Deregulation on Environmental Research
Sanyal, Paroma - EconWPA - 2005
utilities in the US electricity sector for the period 1989-1997. The main finding suggests that after controlling for firm …
Persistent link: https://www.econbiz.de/10005561451
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Firms’ technological trajectories and the creation of foreign subsidiaries
Castellani, Davide - EconWPA - 2001
Multinational firms are traditionally considered as firms possessing some technological lead and exploiting this proprietary advantage in international markets, but a growing literature has been arguing that multinational firms set up foreign subsidiaries not only as a means to exploit their own...
Persistent link: https://www.econbiz.de/10005062587
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Innovation height, spillovers and TFP growth at the firm level: Evidence from French manufacturing
Emmanuel, DUGUET - EconWPA - 2004
We examine the contribution of incremental and radical innovations to total factor productivity (TFP) growth at the firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different innovation regimes. On the one hand, radical innovations rely...
Persistent link: https://www.econbiz.de/10005407643