analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … covers three spot market segments, namely the intraday market, the block contract market and the day-ahead market. Data …

thedownstream market only’ always increases welfare, ‘entry in the upstream marketonly’ increases welfare provided the technology of … marketaccompanied by entry in the downstream market may always increase welfare. Ourresults are important for the competition policy... …

Market Platform (WPMP) – for common adoption byall U.S. wholesale power markets. Versions of the WPMP have been implemented … market organized in accordance with core WPMP features and operating over a realisticallyrendered transmission grid. The … traders within this market model are strategicprofit-seeking agents whose learning behaviors are based on data from human …

Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining … setup suggests to explicitly distinguish union power as measured by net union density (NUD) in a labor market segment …