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the IIA axiom, we argue that models of context-dependent behavior, such as salience theory, better explain newsvendor … loss aversion-based models and salience theory. …
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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...
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