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The capacity of the transmission network determines the extent of integration of a multinational energy market. Cross-border externalities render coordination of network maintenance and investments across countries valuable. Is it then optimal to collect powers in the hands of a single...
Persistent link: https://www.econbiz.de/10008494014
electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the … restrictions on the offer curves in wholesale electricity auctions. …
Persistent link: https://www.econbiz.de/10008491693
No abstract.
Persistent link: https://www.econbiz.de/10010611584
What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...
Persistent link: https://www.econbiz.de/10004963484
This paper questions whether competition can replace sector-specific regulation of mobile telecommunications. We show …
Persistent link: https://www.econbiz.de/10005190638
This paper analyses simultaneous regulation of cost and quality when firms have private, correlated information about …
Persistent link: https://www.econbiz.de/10005419539
No abstract.
Persistent link: https://www.econbiz.de/10010685058
No abstract.
Persistent link: https://www.econbiz.de/10010818549
Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare …
Persistent link: https://www.econbiz.de/10011271350
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets. …
Persistent link: https://www.econbiz.de/10005025457