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This paper aims at understanding and assessing the main methods proposed by ETSO and EuroPEX [1] to define and allocate interconnection capacities in Europe. We model these methods and evaluate their technical and economic efficiency on a 7-node network. We find first, that, unsurprisingly, the...
Persistent link: https://www.econbiz.de/10008789405
This paper aims to investigate the transition to a new energy system based on hydrogen in the European liberalized framework. After analyzing the literature on the hydrogen infrastructure needs in Europe, we estimate the size and scope of the transition challenge.We take the theoretical...
Persistent link: https://www.econbiz.de/10008792179
in the first part of the twentieth century. It aims at showing how the organization of electricity sector and its … individual commitment in the public regulation building. Economists participate to the electricity sector re-organization by … electricity sector reforms and the links between economic history and history of economic thought. Finally, the purpose will be to …
Persistent link: https://www.econbiz.de/10008793497
market by taking into account the existence of possible cross-spillovers between the French carbon and the French electricity … there is no short run relationship between the electricity and carbon returns, while there is a long run relationship …. However, this relationship suffers from a disequilibrium in that the electricity price readjust in the long run. We also find …
Persistent link: https://www.econbiz.de/10008793759
Network regulation is playing an active role in a context of restructuring energy systems for long term transition to a smart grid. Regulation of network companies' activities should consider both cost efficiency objectives and other objectives such as quality and network innovation. It is in...
Persistent link: https://www.econbiz.de/10010899413
In this paper we consider a simple model of horizontal differentiation and derive the closed form solutions for the level of the variables in the decentralized economy and in the social planner case. This enables us to analyze consumers' welfare as a function of the parameter representing market...
Persistent link: https://www.econbiz.de/10008877006
number of agents because competition reduces the agents' informational monopoly power. However, this environment also … tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a … substantially higher probability of trade, and that, overall, competition between agents generates the most efficient outcomes. …
Persistent link: https://www.econbiz.de/10009220690
According to a recent literature, the positive effect of competition is supposed to be growing with the proximity to … the technological frontier. Using a variety of indicators, the paper tests the effect of competition and regulation on … 1979-2003. Results show no evidence of a positive effect of competition growing with the proximity to the frontier. Two …
Persistent link: https://www.econbiz.de/10010738552
competition on R&D to the cost of innovation. The effect of competition on R&D is an inverted U-shape. However, the shape is … flatter and competition policy is therefore less relevant for innovation when innovations are relatively costly. Intuitively …
Persistent link: https://www.econbiz.de/10010738755
results known in static frameworks. First, more competition pushes Neck and Neck firms to advertise more to attract a larger …
Persistent link: https://www.econbiz.de/10010738853