scarce transmission capacity at cross-border level: the 'implicit auction', already used in some countries, and the … 'coordinated explicit auction', proposed by the European Transmission System Operators (ETSO) but not implemented yet. The main … advantage of the explicit auction is that it allows each country to keep its own power exchange running. In the European …

into four dimensions. These are auction model, motives, exchange processes, and stakeholders. One of the objects of this … research is to redefine the blurry concept of the business model by analyzing one business model, the web auction model. We … show in this research the complexity and diversity of factors contributing to the success of the web auction model. By …

European closing auction volumes increased heavily over the past years, in particular sincethe introduction of MiFID II … in 2018. We show that this increase in closing auction volumesince 2018 is driven by an increase in limit order volume … investingis the main driver of increased closing auction volumes. Instead, our results suggest thatMiFID II regulations have …

Der Emissionshandel zeigt nur dann die erwünschte Wirkung, wenn das marktgerechte CO2-Preissignal zu Veränderungen beim …