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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
We study the liquidity, defined as the size of the trading volume, in a situation where an infinite number of agents …
Persistent link: https://www.econbiz.de/10010548256
We propose a tractable framework for quantifying the impact of fire sales on the volatility and correlations of asset returns in a multi-asset setting. Our results enable to quantify the impact of fire sales on the covariance structure of asset returns and provide a quantitative explanation for...
Persistent link: https://www.econbiz.de/10010548433
We study the liquidity, de ned as the size of the trading volume, in a situation where an in nite number of agents with …
Persistent link: https://www.econbiz.de/10010550926
model to highlight how liquidity and insurance constraints respond differently to the time profile of expected cash …
Persistent link: https://www.econbiz.de/10010738986
towards Pareto optimal rest-points. Below this growth rate, the economy enters a (sub-optimal) liquidity trap where monetary … policy is ineffective ; above this threshold inflation rises. Finally, market liquidity, measured through the speed of real …
Persistent link: https://www.econbiz.de/10010603678