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). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to … respect to the finite horizon assumption. This paper proposes a model of the electricity market where firms sign long …
Persistent link: https://www.econbiz.de/10010281160
The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this …
Persistent link: https://www.econbiz.de/10010281221
The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this …
Persistent link: https://www.econbiz.de/10005423830
Following new legislation the Swedish electricity market is about to be deregulated. The new system is designed to … ensure competition in production and supply. The Swedish electricity market is characterised by a high degree of … firms on the supply side of the Swedish electricity market, deregulation is not a sufficient condition for equilibrium …
Persistent link: https://www.econbiz.de/10005190888
The purpose of this paper is to quantitatively evaluate the impact on electricity prices of deregulation and free trade … monopolistic pricing. The major tool for our analysis of electricity trade and prices is a numerical multicountry electricity … perfect competition equilibria with and without free trade in electricity can be simulated. According to the simulation …
Persistent link: https://www.econbiz.de/10005649248
). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to … respect to the finite horizon assumption. This paper proposes a model of the electricity market where firms sign long …
Persistent link: https://www.econbiz.de/10005649462
studied. The vital relationship between the national electricity market and the regional markets for heating is modeled in … emissions to the 1990 level implies a significant increase in electricity prices and a substantial loss in welfare. …
Persistent link: https://www.econbiz.de/10005649494
We propose a seasonal cointegration model [SECM] for quarterly data which includes variables with different numbers of unit roots and thus needs to be transformed in different ways in order to yield stationarity. A Monte Carlo simulation is carried out to investigate the consequences of...
Persistent link: https://www.econbiz.de/10010281215
This paper contains a forecasting exercise on 30 time series, ranging on several fields, from economy to ecology. The …
Persistent link: https://www.econbiz.de/10010281250
-dimensional macroeconomic data set. Results show that the seasonal cointegration model improves forecasting accuracy, compared with the standard … by Johansen and Schaumburg seems to work better than the original model presented by Lee (1992). An empirical forecasting …
Persistent link: https://www.econbiz.de/10005190852