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Intraday markets for power : discretizing the continuous trading?
Neuhoff, Karsten; Ritter, Nolan; Abou el-Enien, Aymen Salah - 2016
implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to … challenges that are linked with a potential implementation of an intraday auction. …
Persistent link: https://www.econbiz.de/10011421880
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Optimal discounts in Green Public Procurement
Chiappinelli, Olga; Seres, Gyula - 2021
-friendly technologies to foster their use. We assume that, before the auction, firms may switch to green technology via a publicly …
Persistent link: https://www.econbiz.de/10012671868
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An auction story : how simple bids struggle with uncertainty
Richstein, Jörn C.; Lorenz, Casimir; Neuhoff, Karsten - 2018
Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results...
Persistent link: https://www.econbiz.de/10011916928
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Discriminatory auction design for renewable energy
Kröger, Mats; Neuhoff, Karsten; Richstein, Jörn C. - 2022
that a discriminatory auction design favoring low-wind-yield locations leads to a tradeoff between production costs and … auction levels intra-technology discrimination through the reference yield model leads to a reduction of consumer costs of …
Persistent link: https://www.econbiz.de/10013285813
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Discriminatory auction design for renewable energy
Kröger, Mats; Neuhoff, Karsten; Richstein, Jörn C. - 2022 - Updated version: July 23, 2024
We assess the incorporation of wind or solar resource quality into renewable auction design as a means to … resource quality. With a stylized auction model, we model the trade-off between production costs and consumer costs. After … exploring the influence of the heterogeneity of production costs, the auction volume, and the regulator’s knowledge about cost …
Persistent link: https://www.econbiz.de/10014637009
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Price formation on the EuroMTS platform
Caporale, Guglielmo Maria; Girardi, Alessandro - 2010
This paper examines the process of price discovery in the MTS system, which builds on the parallel quoting of euro-denominated government securities on a number of (relatively large) domestic markets and on a (relatively small) European marketplace (EuroMTS). Using twenty-seven months of daily...
Persistent link: https://www.econbiz.de/10003934756
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Fractional integration and cointegration in US financial time series data
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2011
This paper examines several US monthly financial time series data using fractional integration and cointegration techniques. The univariate analysis based on fractional integration aims to determine whether the series are I(1) (in which case markets might be efficient) or alternatively I(d) with...
Persistent link: https://www.econbiz.de/10009426696
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The state dependent impact of bank exposure on sovereign risk
Podstawski, Maximilian; Velinov, Anton - 2016 - This version: February 11, 2016
The theoretical literature remains inconclusive on whether changes in bank exposure towards the domestic sovereign have an adverse effect on the sovereign risk position via a diabolic loop in the sovereign-bank nexus or reduce perceived default risk by acting as a disciplinary device for the...
Persistent link: https://www.econbiz.de/10011436025
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Persistence in youth unemployment
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012
such as Spain, Portugal, Ireland and Finland, where appropriate policy actions are of the essence. Specifically, active …
Persistent link: https://www.econbiz.de/10009666800
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Subsidies, knapsack auctions and Dantzig's greedy heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003832684