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We examine electricity market reform in Brazil: from the 1990s till 2004 the largely hydro-powered market cleared using a market mechanism, and in March 2004 reformed to a single buyer structure. We model monthly log price differences using a two-state Markov Switching model, allowing water...
Persistent link: https://www.econbiz.de/10012059460
Persistent link: https://www.econbiz.de/10001818599
This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator …
Persistent link: https://www.econbiz.de/10012108481
We build a model of the news market where advertisers allocate their ads between a social media platform and a news website. Our objective is to evaluate policy interventions aimed at fostering news creation by transferring revenues from social media to news websites already introduced in...
Persistent link: https://www.econbiz.de/10014577558
The economics literature on Net Neutrality (NN) has been largely critical of NN regulation on the basis of theoretical … violations. In contrast, the current paper argues that NN regulation is largely ineffective, in particular, when it comes to the … price rule. NN regulation is effective only in preventing the blocking of specific content and in preventing the favoring of …
Persistent link: https://www.econbiz.de/10012019034
Persistent link: https://www.econbiz.de/10010373304
This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information about competitors’ costs and a finite set of providers. We find that these...
Persistent link: https://www.econbiz.de/10013463571
The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to …
Persistent link: https://www.econbiz.de/10014504790
In this paper, a practicable scheme of SO2-emission permits for European power producers is developed. Background is the second UN-ECE Sulphur Protocol from 1994 (Protocol of Oslo). After discussing some theoretical models of spatially differentiated permit schemes, evaluating the U.S. Acid Rain...
Persistent link: https://www.econbiz.de/10013428151
This paper examines how optimal renewable energy (RE) support (RES) policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires adjusting RE production subsidies due to two different motives: First, RE premiums need to be...
Persistent link: https://www.econbiz.de/10012534624