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Joint Econometric Modeling of Spot Electricity Prices, Forwards and Options
Féron, Olivier; Monfort, Alain - Université Paris-Dauphine (Paris IX) - 2012
developments in discrete time asset pricing methods based on the notions of stochastic discount factor and of compound …
Persistent link: https://www.econbiz.de/10010861561
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Auction Design for Standard Offer Service
Cramton, Peter; Parece, Andrew; Wilson, Robert - University of Maryland, Department of Economics - Peter … - 1997
During the transition to a competitive electricity market, when a consumer does not select an electricity provider, who provides service to the customer and at what price? An auction for this "standard offer service" is a market-based way to assign the service responsibility and to determine its...
Persistent link: https://www.econbiz.de/10004988788
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Power marketer pricing behavior in the California Power Exchange
Hodge, Tyler; Dahl, Carol A. - In: Energy Economics 34 (2012) 2, pp. 568-575
overlooked. To fill this gap, our paper focuses on the pricing behavior of five major power marketers in the California PX during … investigation of energy market pricing manipulation, allows us to assess the level of market power using the conduct parameter … pricing model. The estimated conduct parameter allows us to determine power marketer pricing behavior is competitive, Cournot …
Persistent link: https://www.econbiz.de/10010576107
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Forecasting hourly electricity prices using ARMAX–GARCH models: An application to MISO hubs
Hickey, Emily; Loomis, David G.; Mohammadi, Hassan - In: Energy Economics 34 (2012) 1, pp. 307-315
The recent deregulation of the electricity industry and reliance on competitive wholesale markets has generated …, this paper estimates and evaluates the forecasting performance of four ARMAX–GARCH models for five MISO pricing hubs …
Persistent link: https://www.econbiz.de/10010582224
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THE NORDIC MARKET: SIGNS OF STRESS?
M. von der Fehr, Nils-Henrik; Amundsen, Eirik S.; … - Institutt for Økonomi, Universitetet i Bergen - 2004
The supply shock that hit the Nordic electricity market in 2002-2003 put the market to a severe test. A sharp reduction in inflow to hydro reservoirs during the normally wet months of late autumn pushed electricity prices to unprecedented levels. We take this event as the starting point for...
Persistent link: https://www.econbiz.de/10008914336
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Provision of Renewable Energy using Green Certificates: Market Power and Price Limits
Amundsen, Eirik S.; Nese, Gjermund - Institutt for Økonomi, Universitetet i Bergen - 2012
We formulate an analytic equilibrium model for simultaneously functioning electricity market and a market for Green Certificates. The major focus of the paper is the effect of market power in a Green Certificate system. One of the main results from the analysis is that the certificate system...
Persistent link: https://www.econbiz.de/10009003095
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Pipes, Taps and Vendors: Managing and Regulating the Unconnected Water Market
Meran, Georg; Siehlow, Markus; von Hirschhausen, Christian - 2018
Against the background of the human rights to water and the SDG No. 6, vendors play a pivotal role for an IWRM-based water supply system in the future. With the help of a micro-economic model, an optimal modal split is derived, the result of which is that not all households should be served by...
Persistent link: https://www.econbiz.de/10011892089
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Two-part pricing, public discriminating monopoly and redistribution : a note
Bernard, Philippe; Wittwer, Jérôme - Université Paris-Dauphine (Paris IX) - 2002
This note analyzes some properties of optional two-part pricing in a two-type economy. First, the optimal contracts …
Persistent link: https://www.econbiz.de/10010706816
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Two-part pricing, public discriminating monopoly and redistribution : a note.
Bernard, Philippe; Wittwer, Jérôme - Université Paris-Dauphine - 2002
This note analyzes some properties of optional two-part pricing in a two-type economy. First, the optimal contracts …
Persistent link: https://www.econbiz.de/10009024334
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ACCHANGE : building economic models to analyse the performance of air navigation service providers
Blondiau, Thomas; Delhaye, Eef; Proost, Stef; Adler, Nicole - In: Journal of air transport management 56 (2016), pp. 19-27
Persistent link: https://www.econbiz.de/10011596096