This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market … setup of two regions. We also benchmark market-based redispatch against grid investment, cost-based redispatch, and the … Vickrey-Clarke-Groves mechanism. The comparison highlights a significant inefficiency of market-based redispatch and inflated …

carbon cost in the electricity market price. Finally, a fuel switch increases solar-induced abatement, whereas it wind … two different motives: First, RE premiums need to be reduced to reflect the carbon value embedded in the market price …

The relation between the ECB's main refinancing (MRO) rates and the money market is key for the monetary transmission … process in the euro area. This paper investigates how money market rates respond to the new information revealed by MRO … disconnection of money market rates from the policy-intended interest rate level. These findings support the fixed rate full …

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 … crises. Post-reform, we find that the market is safe from crises for a wider range of stored water/rainfall combinations …