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The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany
Schill, Wolf-Peter; Kemfert, Claudia - 2009
In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro...
Persistent link: https://www.econbiz.de/10003898588
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Modeling strategic electricity storage : the case of pumped hydro storage in Germany
Schill, Wolf-Peter; Kemfert, Claudia - 2011
We study the strategic utilization of storage in imperfect electricity markets. We apply a game-theoretic Cournot model to the German power market and analyze different counterfactual and realistic cases of pumped hydro storage. Our main finding is that both storage utilization and...
Persistent link: https://www.econbiz.de/10011309866
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Electric vehicles in imperfect electricity markets : the case of Germany
Schill, Wolf-Peter - 2011
We use a game-theoretic model to analyze the impacts of a hypothetical fleet of plug-in electric vehicles on the imperfectly competitive German electricity market. Electric vehicles bring both additional demand and additional storage capacity to the market. We determine the effects on prices,...
Persistent link: https://www.econbiz.de/10011311873
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Electric vehicles in imperfect electricity markets : a German case study
Schill, Wolf-Peter - 2010
We analyze the impacts of a hypothetical fleet of plug-in electric vehicles on the imperfectly competitive German electricity market with a game-theoretic model. Electric vehicles bring both additional demand and additional storage capacity to the market. We determine their effects on prices,...
Persistent link: https://www.econbiz.de/10009272595
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The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany
Schill, Wolf-Peter; Kemfert, Claudia - 2010 - Updated version March 2010
We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an imperfect market setting. We apply the model to Germany and examine different cases of strategic and non-strategic pumped hydro storage operation. We find that introducing storage...
Persistent link: https://www.econbiz.de/10012040651
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Electric Vehicles in Imperfect Electricity Markets : A German Case Study
Schill, Wolf-Peter - 2011
We analyze the impacts of a hypothetical fleet of plug-in electric vehicles on the imperfectly competitive German electricity market with a game-theoretic model. Electric vehicles bring both additional demand and additional storage capacity to the market. We determine their effects on prices,...
Persistent link: https://www.econbiz.de/10014187378
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Coordination, Communication and Common Knowledge : A Retrospective on the Electronic Mail Game
Morris, Stephen - 2003
Common knowledge plays an important role in coordination problems and coordination problems are central to many areas of economic policy. In this paper, I review some common knowledge puzzles culminating in the electronic mail game. These puzzles may seem distant from practical concerns....
Persistent link: https://www.econbiz.de/10014088719
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The value of verbal feedback in allocation decisions
Schmidt, Robert J.; Schwieren, Christiane; Vollmann, Martin - In: Journal of behavioral and experimental economics 87 (2020), pp. 1-8
Persistent link: https://www.econbiz.de/10012498543
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The value of verbal feedback in allocation decisions
Schmidt, Robert J.; Schwieren, Christiane; Vollmann, Martin - 2020
Depending on the context at hand, people's preference for receiving feedback might differ. Especially in allocation … decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We … study such preferences in a laboratory experiment by eliciting the willingness-to-pay to receive or to avoid verbal feedback …
Persistent link: https://www.econbiz.de/10012169494
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What is the Strategic Value of Investments in Alternative Local Energy Supply?
Kupper, Gerd - 2010
This paper studies strategic incentives to invest in electricity generation capacity using a local fuel like renewables or coal. It shows that investing in this capacity, even if not used, improves the bargaining position of a power producing firm that also imports another fuel such as gas. When...
Persistent link: https://www.econbiz.de/10013146773