Similar Search Results

Powering a Green Progress: The Effect of Electricity Deregulation on Environmental Research

Sanyal, Paroma - EconWPA - 2005

This paper analyzes the impact of changing market structure on environmental research expenditure by investor owned utilities in the US electricity sector for the period 1989-1997. The main finding suggests that after controlling for firm characteristics and the “greenness” of the state,...

Persistent link: https://www.econbiz.de/10005561451

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

Designing Electricity Auctions

Fabra, Natalia; Fehr, Nils-Henrik von der; Harbord, David - EconWPA - 2002

productive efficiency is ambiguous. The comparative effects of other market design features, such as the number of steps in …

Persistent link: https://www.econbiz.de/10005135073

Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing

Nicolaisen, James; Petrov, Valentin; Tesfatsion, Leigh - EconWPA - 2000

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … microstructure is strongly predictive for the relative market power of buyers and sellers, and that high market efficiency is … social mimicry learning via a genetic algorithm. However, market efficiency is substantially reduced. …

Persistent link: https://www.econbiz.de/10005412999

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...

Persistent link: https://www.econbiz.de/10005118875

Why Did Electricity Prices Fall in England and Wales? Market Mechanism or Market Structure?

Bower, John - EconWPA - 2004

The objective of this paper is to measure the price impacts of the major regulatory interventions in the England & Wales wholesale electricity market from 1 April 1990 to 31 March 2002. More particularly, to establish whether falling prices during 1999–2002 were caused by the regulator...

Persistent link: https://www.econbiz.de/10005118877

Seeking the Single European Electricity Market: Evidence from an Empirical Analysis of Wholesale Market Prices

Bower, John - EconWPA - 2004

The objectives of this paper are to assess the progress made towards a single European wholesale electricity market by the end of 2001, and identify remaining sources of economic inefficiency. Statistical analysis of day-ahead prices, in fifteen European locations, show Nord Pool (Scandinavia),...

Persistent link: https://www.econbiz.de/10005118898

Modeling electricity prices with regime switching models

Bierbrauer, Michael; Trueck, Stefan; Weron, Rafal - EconWPA - 2005

We address the issue of modeling spot electricity prices with regime switching models. After reviewing the stylized facts about power markets we propose and fit various models to spot prices from the Nordic power exchange. Afterwards we assess their performance by comparing simulated and market...

Persistent link: https://www.econbiz.de/10005119074

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 two components – a deterministic (representing seasonalities) and a stochastic (representing noise). They differ in the choice of the seasonality reduction method. Model A...

Persistent link: https://www.econbiz.de/10005119116

Market price of risk implied by Asian-style electricity options

Weron, Rafal - EconWPA - 2005

In this paper we propose a jump diffusion type model which recovers the main characteristics of electricity spot price dynamics, including seasonality, mean reversion, and spiky behavior. Calibration of the market price of risk allows for pricing of Asian-type options written on the spot...

Persistent link: https://www.econbiz.de/10005119166