this market have two strategic weapons at their disposal: (1) the price bid for each generation set and (2) the capacity of … rules governing the price determination process in this market, by the strategic use of capacity availability declarations … the two generators use to exercise market power. We then summarize the time series properties of the price of electricity …

after the cost shock. Furthermore, the costs of price adjustment are small …

-and-trade policies. Under conditions of uncertainty, price-based and quantity-based policy instruments cannot be truly equivalent, so we … lower carbon emissions. Market participants who forecast a lower price of carbon in the cap-and-trade games ran their units … more than those who forecast a higher price of carbon, which caused emissions from the dirtiest generating units (Coal and …

. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price … respond to average price rather than marginal or expected marginal price. This sub-optimizing behavior makes nonlinear pricing …

consumption of goods and services that generate a negative externality. Second, individuals may choose to pay a price premium for … restraint and a voluntary price premium that mirrors the symmetry between environmental policies based on either quantities … introduction of a price-premium, green-electricity program. We find evidence of voluntary restraint and its relation to a voluntary …

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the … wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real …-time pricing" for electricity and increase price elasticity of demand. This paper simulates the effects of this increased demand …

Production inflexibility together with product price uncertainty creates price risk, which is a potentially important … factor for firms' liquidity management. One industry for which price risk can be measured is the electricity producing … electricity price volatility leads to increased cash holdings, but only in firms using inflexible production technologies. This …

plants substantially reduce the price paid for coal (but not gas), and tend to employ less capital-intensive sulfur abatement …