closer look at the transfer-rule's ecological impacts and competitive effects in the field of electricity generation. The …-rule causes windfall profits for incumbent generators and leads to a significant distortion of competition. This cannot be …

The paper presents in contribution the development of theories and opinions about competition, competitiveness and … capitalism, A. Smith and the classical Ricardian tradition. She further discusses the ruinous competition and the origin of the … tendencies of capitalist development and his followers, the origin of imperfect competition, ordoliberalism and the system of …

I analyze the ability of capacity payment mechanisms to alleviate underinvestment in electricity generation capacity. I …

Motivated by the new auction format introduced in the England and Wales electricity market, as well as the recent … debate in California, we characterize bidding behavior and market outcomes in uniform and discriminatory electricity auctions … the analysis of electricity auctions. In particular, we show that analogies with continuous share auctions are misplaced …

One of the main elements of the current reform of electricity trading in the UK is the change from a uniform price … competitive and monopolistic supply), with demand uncertainty. We find that under perfect competition there is a trade-off between …

We study the role of vertical structure in determining generating capacities and retail prices in the electricity …

The most important issues in auction design are the traditional concerns of competition policy-preventing collusive … discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction …