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capacity and welfare by fitting it to the data of the German electricity market. -- Investment incentives ; demand uncertainty … ; cost uncertainty ; Cournot competition ; First Best ; Second Best ; capacity obligations ; spot market regulation. …
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In this paper, we describe the development and current status of anti-manipulation rules as they apply to wholesale electricity and natural gas markets in the United States and the European Union, including the institutions that are responsible for overseeing these rules. We then compare and...
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principles and design practices borrowed directly from economic regulation of public utilities and against the backdrop of the …
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The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model … greater are pro-consumer supervisors' incentives. This prediction is consistent with evidence based on US electric power …
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