This paper explores initiatives to date by the IMF, financial markets, and civil society organizations to assess and …

highly problematic. When we use markets in these areas, market organization tends to be supplemented by regulation and other … nonmarket structures. There are a number of areas where we fence out markets, and use other forms of organization and governance … in many cases were needed if markets were to work well. The purpose of this essay is to rekindle this understanding. …

and therefore determining DR's potential for participation in capacity markets. DR primarily affects the equilibrium …'s participation in the capacity market can combat these increased capacity prices. These results suggest that DR participation in … capacity markets can mitigate some of the market challenges of renewable integration. …

There is a heated debate on whether markets erode social responsibility and moral behavior. However, it is a … challenging task to identify and measure moral behavior in markets. Based on a theoretical model, we examine in an experiment the … relation between trading volume, prices and moral behavior by setting up markets that either impose a negative externality on …

highly commercialised and urbanised one. This book examines how the organisation of commodity markets contributed to this … reduced opportunities for rent-seeking and favoured the rise of efficient markets. This allowed burghers, peasants and …

We study decentralized trade in dynamic markets with homogeneous, non-atomic, buyers and sellers that wish to exchange …

questions for which Luhmann’s theory can produce a fresh point of view. The first concerns what is the nature of markets …. According to Luhmann, markets are not a kind of system (the common if tacit view), but collections of observations …) markets and planning. According to Luhmann, this is a false dichotomy, since all economies have markets and planning. The real …