In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve … the real-time market. The paper also characterizes a regulation that implements the efficient outcome. …

producers send less detailed cost information to the operator of the day-ahead market. Ideally centralized electricity markets … electricity markets, while most of Europe has decentralized wholesale electricity markets. The main problem with centralized …

surplus from foreign to domestic consumers via intensified network competition. The model can ex- plain the regulation of …

In this paper, we analyze the effect of transport infrastructure investments in railways. As a testing ground, we use …. Importantly, we find extremely large reduced-form effects of having access to railways. For real nonagricultural income, the … that simultaneous/coordinated investment, such as large infrastructure investment in railways, can generate economic growth …

cross-border interconnection capacity in an international electricity market. Our results show that equilibrium transmission … quantifying these distortions and propose a market design that uniquely implements efficient dispatch of electricity. In this …

The world's first multinational electricity market was formed with the creation of the Nordic power exchange, Nord Pool … electricity market. Welfare improving investment in a multinational electricity market requires accounting for the cross …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets …

electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from …