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components of prices, labor market variables, and monetary policy indicators are almost invariant across economies, reflecting …
Persistent link: https://www.econbiz.de/10003211328
In uniform price, sealed-bid day-ahead electricity auctions, the market price is set at the intersection between aggregate demand and supply functions built by a market operator. Each day, just one agent - the marginal generator - owns the market-clearing plant. Day-ahead auctions are moreover...
Persistent link: https://www.econbiz.de/10003209517