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time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …
Persistent link: https://www.econbiz.de/10013052093
We extend existing theoretical frameworks describing electricity markets where each generator provides a Market …
Persistent link: https://www.econbiz.de/10012927098
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10013104162
of the electricity market in the U.S. as our case study, we find support for our theoretical predictions. Furthermore, we …
Persistent link: https://www.econbiz.de/10013030481
economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA …
Persistent link: https://www.econbiz.de/10013033865
I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal … electricity prices by at least 84%, with a central range of 98%-104% for different load periods. My results suggest that there is …
Persistent link: https://www.econbiz.de/10013046575
energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of …
Persistent link: https://www.econbiz.de/10013030307
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments — taxation on polluters, feed-in tariffs for clean...
Persistent link: https://www.econbiz.de/10013053070
a massive expansion of electricity from renewable energy sources in Germany over the last decade. The increase in non …-competitive renewable power generation though went hand in hand with a substantial rise in electricity prices with consumers paying for the …
Persistent link: https://www.econbiz.de/10013315626
This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a structural threshold VAR model, we endogenously identify different regimes of uncertainty in which we estimate the effects of oil demand and supply shocks. The results show that...
Persistent link: https://www.econbiz.de/10010575442