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This paper presents a version of a hybrid (top-down bottom-up), multi-region multi-period forward looking applied general equilibrium model, MERGE, that includes a capacity expansion submodel of the electricity sector with demand represented by various time segments. This model is solved...
Persistent link: https://www.econbiz.de/10010403543
related to the level of investment in irrigation capacity and the other one to the irrigation level in each period. In the … period. Assuming a CARA utility function, we show that taxing the investment may entail an increase in preventive irrigation … although the investment decreases. Moreover, in the case of a logistic production function, the total water use is non …
Persistent link: https://www.econbiz.de/10011597797
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence of a unique pure-strategy price solution for any given level of capacity. This solution is shown to coincide with the...
Persistent link: https://www.econbiz.de/10012814516
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directly invest. We consider several investment scenarios under the CO2 regulation with and without incentives to renewables … investment policy affects electricity prices that significantly increase in 2020 compared to their 2009 levels. The raise of …
Persistent link: https://www.econbiz.de/10009419709
. Under the scenario which addresses carbon leakage - covering new and existing power plants - cumulative investment will …) relative to the Reference case; while under the scenario that covers all power plants, investment in natural gas will be 24 …
Persistent link: https://www.econbiz.de/10011591839
Persistent link: https://www.econbiz.de/10011765130
Nowadays, a process can be observed in Germany where electricity producing and trading firms react to the electricity market liberalisation by merging market shares, since the year 2000, which reduces the number of suppliers and influences production and consumer prices. This paper discusses...
Persistent link: https://www.econbiz.de/10011589477
Persistent link: https://www.econbiz.de/10000126756
The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model of incentive rules selection by a political principal endowed with an information-gathering technology whose efficiency increases with the effort exerted by two accountable...
Persistent link: https://www.econbiz.de/10003715383