Upstream producers that possess market power, sell forwards with a lengthy duration to regional electricity companies (REC). As part of the liberalization of the electricity market, RECs have been privatized and exposed to a possible bankruptcy threat if spot prices have fallen below their...

This model is the first to solve for the optimal timing of childbirth and number of children in a continuous time framework simultaneously. The model depicts how changes in wage at different stages of an individual’s life influence the timing decision of childbirth and the optimal number of...

Industrial manufacturing is based on a variety of energy sources, e.g. electricity, oil, and gas. Electricity appears to be particularly relevant to operate most types of industrial production equipment in an environmentally friendly manner. Aside from production machines, intralogistics...