This study investigates the determinants of the great difference between winning bids and reserve prices in the transmission electricity sector in Brazil between 1999- 2010, through an econometric approach based on Heckman (1979) that considers the heterogeneous among the winner's and loser’s...

Portuguese Abstract: Este artigo descreve as características gerais da metodologia atual para o despacho econômico e para a formação do Preço de Liquidação de Diferenças (PLD), usado no Setor Elétrico Brasileiro e o compara com características gerais do que poderia ser um sistema de...

This study investigates the determinants of the great difference between winning bids and reserve prices in the transmission electricity sector in Brazil between 1999- 2010, through an econometric approach based on Heckman (1979) that considers the heterogeneous among the winner's and loser's...