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Efficient electricity portfolios for the United States and Switzerland: An investor view
Krey, Boris; Zweifel, Peter - 2008
This study applies financial portfolio theory to determine efficient electricity-generating technology portfolios for … (MER) electricity portfolio for the United States contains more Coal, Nuclear, and Wind than actual but markedly less Gas … electricity markets. …
Persistent link: https://www.econbiz.de/10010315486
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The Impact of China’s Electricity Deregulation on Coal and Power Industries: Two-stage Game Modeling Approach
Liu, HuiHui; Zhang, ZhongXiang; Chen, ZhanMing; Dou, DeSheng - 2018
government launched an unprecedented marketization reform in 2015 to deregulate the electricity price. This paper examines the … impact of the electricity price deregulation in the industry level. We first construct two-stage dynamic game models by … with and without electricity regulation, and examine the changes in electricity price, electricity generation, coal price …
Persistent link: https://www.econbiz.de/10011957009
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Energy Price Reform in China
Zhang, ZhongXiang - 2018
, petroleum products, natural gas, electricity and renewable power in China, and provides some analysis of these energy price …
Persistent link: https://www.econbiz.de/10011957010
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Efficient electricity portfolios for Switzerland and the United States
Krey, Boris; Zweifel, Peter - 2006
This study applies financial portfolio theory to determine efficient electricity-generating technology mixes for … contains Coal generated electricity and Wind, while the MV alternative combines Coal, Nuclear, Oil and Wind. Interestingly, Gas … does not play any role in the determination of efficient electricity portfolios in the United States. …
Persistent link: https://www.econbiz.de/10010315522
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Numerical Calculation of an Asymmetric Supply Function Equilibrium with Capacity Constraints
Holmberg, Pär - 2005
Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain …
Persistent link: https://www.econbiz.de/10010321539
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Can price controls be optimal? The economics of the energy shocks in Germany
Krebs, Tom; Weber, Isabella - 2024
In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to stabilize the economy. Despite its wide adoption, many economists remained skeptical. In this paper, we argue that price controls should be part of the policy toolbox to respond...
Persistent link: https://www.econbiz.de/10014581850
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A Pure Binary LP Model to the Facility Layout Problem
Papahristodoulou, Christos - 1999
In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker's objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....
Persistent link: https://www.econbiz.de/10010321747
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Higher Order Asymptotic Optimal Policies for Partial Equilibrium Economies
Ferretti, Roberto G.; Trojani, Fabio - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004
We apply perturbation theory to solve the optimal control problem of an investor with time-additive power utility over intermediate consumption and final wealth. Under general conditions we show existence of a power series representation for the prevailing optimal consumption and investment...
Persistent link: https://www.econbiz.de/10005858306
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General Analytical Solution for Mertons Type Consumption-Investment Problems
Ferretti, Roberto G.; Trojani, Fabio - Institut für Schweizerisches Bankwesen <Zürich> - 2006
We solve analytically the Merton's problem of an investor with time-additive power utility. For general state dynamics, we prove existence of two power series representations of the relevant optimal policies and value functions, which hold for all admissible risk aversion parameters. We...
Persistent link: https://www.econbiz.de/10005858514
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Equilibrium Impact of Value-At-Risk
Leippold, Markus; Trojani, Fabio; Vanini, Paolo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
We study in a general perspective the partial equilibrium incentives and the general equilibrium asset pricing implications of Value-at-Risk (VaR) regulation in continuous time economies with intermediate consumption, stochastic opportunity set, and heterogenous attitudes to risk. Our findings...
Persistent link: https://www.econbiz.de/10005858903