usually stems from unpredictability of demand and/or prices of energy, or from resource availability and prices. Since most … models deal with electricity investments and operations, but some oil and gas applications are also presented. We consider … both traditional cost minimization models and newer models that reflect industry deregulation processes. The oldest …

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is … microstructure is strongly predictive for the relative market power of buyers and sellers, and that high market efficiency is …

Organization: Energy Policy, Hydrocarbons, Electricity, Statistical Information, Renewable Energy and Environment. It is likely to …

’s restructured electricity sector and its performance are discussed. The effects on wholesale market prices are analyzed. The …The paper examines the economic and regulatory factors that led to an explosion in the wholesale power prices, supply … shortages, and utility insolvencies in California’s electricity sector. A necessary first step in determining the lessons …

’s restructured electricity sector and its performance are discussed. The effects on wholesale market prices are analyzed. The …The paper examines the economic and regulatory factors that led to an explosion in the wholesale power prices, supply … shortages, and utility insolvencies in California’s electricity sector. A necessary first step in determining the lessons …

job capacity, job concentration, and market power. Job capacity is measured by the ratio of potential job openings to … utility, engage in efficiency-wage worksite interactions modelled as prisoner's dilemma games, and evolve their worksite … behaviors over time. The main finding is that job capacity consistently trumps job concentration when it comes to predicting the …