In der Dissertation wird das Design eines Systems mit Flächenausweisungszertifikaten vorgestellt und mit empirischen Daten evaluiert, die im Rahmen eines Feldexperiments mit kommunalen Entscheidungsträgern erhoben wurden. Die Ergebnisse zeigen wie ein solches Handelssystem für...

Three years after the controversial change of the British market design from compulsory Pool with capacity payments to decentralised energy-only New Electricity Trading Arrangements (NETA) market framework, we compare the two designs in terms of investment incentives. We review the biases of the...

Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...

Market design is the development of mechanisms that improve market efficiency and build on an understanding of the interaction between human behavior and market rules. The first chapter considers the sale of a charitable membership where the charity poses the market design question of how to...

Energy forecasts are widely used by the U.S. government, politicians, think tanks,and utility companies. While short-term forecasts were reasonably accurate, medium andlong-range forecasts have almost always been highly erroneous. In the U.S. many energypolicy decisions are driven by Annual...

Plug-in Hybrid Electric Vehicles (PHEVs) will soon start to be introduced into the transportation sector, thereby raising a host of issues related to their use, adoption and effects on the electricity sector. Their introduction has the potential to significantly reduce carbon emissions from the...

This paper formalizes the price and asset allocation mechanism of multi-unit double auctions in Xetra, the electronic equity trading system operated by the German stock exchange. The trading principles are embedded into the classical theory of quantity rationing. The properties of Xetra auctions...

We assess different policies for reducing carbon dioxide (CO2) emissions and promoting the innovation and diffusion of CO2-reducing power technologies: (1) emissions price, (2) tax on fossil power, (3) tradable emissions performance standard, (4) market share requirement for renewables, (5)...

This paper looks at the status and prospects of renewables-with particular emphasis on windpower-in the electric power sector. Although renewables account for a steadily rising share of electricity generation in various countries, their role remains small in absolute terms. In part, this is...

A grande necessidade de diminuir a dependência em relação ao petróleo devido aos seus preços em constante elevação, a preocupação com o meio ambiente (protocolo de kyoto) e a crescente demanda por carros flex tem colocado o etanol - uma energia totalmente renovável - em papel de...