This paper focuses on transmission congestion issues that are currently experienced in the electricity market of the Great Britain. It analyses the nature of incentives and behavior of generators arising in presence of persistent congestion patterns due to constraint management approach employed...

Electricity system operations are often affected by energy policies, but spatial differences in policy impacts are difficult to model. We develop a method for estimating zonal supply curves in transmission-constrained electricity markets that can be implemented quickly by policy analysts with...

Enquiring about the "risk propensity" of entrepreneurs is misguided, because all economic actors deal with risk and uncertainty. The success of entrepreneurs is tied closely to the way in which they perceive and manage risk. This study compares bankers and entrepreneurs in their cognitive...