In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

La subasta es el mecanismo fundamental por medio del cual el Banco Central de Bolivia (BCB) ejecuta sus operaciones de mercado abierto, instrumento principal de su política monetaria. Este mecanismo es utilizado también en la colocación de valores para financiamiento fiscal. Luego de varios...

In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...