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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
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
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
-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
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
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
The positive association between moderate alcohol consumption and wages is well documented in the economic literature. Positive health effects as well as networking mechanisms serve as explanations for the "alcohol-income puzzle." Using individual-based microdata from the GSOEP for 2006, we...
Persistent link: https://www.econbiz.de/10003726012
forecasts: a moving average transformation of the underlying forecasts and estimation with constant forecast-horizon- effects …
Persistent link: https://www.econbiz.de/10003726076
) estimation methods. To obtain the result, the short run homogeneity restriction between money and prices is relaxed. In addition …
Persistent link: https://www.econbiz.de/10003726115
In this paper we present an international cross-country benchmarking analysis for utility regulation of France and Germany, the two largest electricity distribution countries in Europe. We examine the relative performance of 99 French and 77 German distribution companies operating within two...
Persistent link: https://www.econbiz.de/10003779463