students how economic theory can be used in the real world by policy makers while teaching foundational economic concepts. By …

environment and by the higher costs for producing those goods. As for the Nash equilibria in the characteristics we find three …

interventions; otherwise, system costs could rise despite increasing flexibility. We analyze the effectiveness of different policy … costs, and distributional implications. Numerical results for German power system data indicate that required distribution …-sufficiency (autarky) is socially undesirable, as it confines important balancing potential and can increase system costs despite adding …

individual chooses the behavior that, if detected, is stigmatized. The comparative static analysis of stigma costs differs from … that of conventional penalties. One surprising result with important policy implications is that stigma costs of long …