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cost pricing and often set a price per unit that exceeds marginal cost. The higher price encourages over-adoption of …
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consumers with dynamic price and environmental signals aimed at causing them to shift their consumption either into or away from … certain hours of the day. The same marginal price signal is found to cause substantially larger consumption shifts into target …, both models are re-estimated accounting for this decision. For both the price and environmental treatments, the same …
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"The author first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these features are shared with the securities industry, although the technology of electricity production and...
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We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing....
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