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Market prices make it possible to realise returns on capital investments in the electricity sector, but these prices may not necessarily be politically or socially acceptable. As a result, explicit or implicit price caps may be established. If these caps are effective, they may result in loss of...
Persistent link: https://www.econbiz.de/10010707552
Worldwide, for the last two decades, energy network industries have undergone major changes in terms of organization and competitiveness. After restructuring reforms in the transportation, telecom and natural gas sectors, deregulatory initiatives have been taken in the electric power industry to...
Persistent link: https://www.econbiz.de/10010707212
In this paper, we will focus on the relationship between innovation and industrial organization in electric power industry. With the deregulatory reforms in Europe, the influence of new generating technologies on the current evolution of the power sector seems to be relevant to study. Recent...
Persistent link: https://www.econbiz.de/10010707559
The present research examines small-firm networks in Japanese industrial districts. We propose and discuss the typology … of these networks. Special attention is paid to horizontal networks, characterised by enhanced co-operation and … competition between small firms. We analyse these networks from the perspective of the social embeddedness approach and the …
Persistent link: https://www.econbiz.de/10010707385
In this paper we analyze how legitimacy allows us to develop differentiated relationships in business networks. Our … central argument is that the building of legitimacy in business networks through certification needs the development of what … institutional theories (DiMaggio and Powell, 1983) approach to explain how business networks can adopt and manage legitimacy. We …
Persistent link: https://www.econbiz.de/10011072049
The article shows how Jean-Francois Mertens contributed to the development of game theory and microeconomics as we know them today. Along with about 80 articles, Mertens's topics go from the formulation of Bayesian decision making in games with incomplete information to the foundations of cost...
Persistent link: https://www.econbiz.de/10011074149
We propose a joint modeling of spot electricity prices, forwards prices and other derivative prices, using recent developments in discrete time asset pricing methods based on the notions of stochastic discount factor and of compound autoregressive (or affine) stochastic processes. We show that...
Persistent link: https://www.econbiz.de/10010861561
Brazil's energy sector has undergone rapid changes over the last several years. A growing economy and increasing power demand has spurred a complete restructuring of the wholesale power market and government privatization, adding uncertainty to the market. After a severe crisis, Lula’s...
Persistent link: https://www.econbiz.de/10010905056
The debate over a common European energy policy, its necessity and its establishment has been going on for a number of decades. The discussions have been recently brought back into the spotlight by the evolution of energy market fundamentals and the taking into account of environmental...
Persistent link: https://www.econbiz.de/10010905188
Persistent link: https://www.econbiz.de/10010905221