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This paper studies models of processes generating censored outcomes with endogenous explanatory variables and instrumental variable restrictions. Tobit-type left censoring at zero is the primary focus in the exposition. The models studied here are unrestrictive relative to others widely used in...
Persistent link: https://www.econbiz.de/10012581449
This paper studies models of processes generating censored outcomes with endogenous explanatory variables and instrumental variable restrictions. Tobit-type left censoring at zero is the primary focus in the exposition. Extension to stochastic censoring is sketched. The models do not specify the...
Persistent link: https://www.econbiz.de/10013387372
Persistent link: https://www.econbiz.de/10011347380
Climate regulation of the electricity sector is one of the most important growing — and rapidly changing — areas of law … from the electricity sector. It does so through detailed, comparative accounts of climate regulation of electricity in four … analysis section identifies key lessons learned to date about climate regulation of electricity globally …
Persistent link: https://www.econbiz.de/10012955867
This paper proposes an extended version of the analytical structural model for the electricity market developed in a previous paper. The presented electricity price process is driven by stochastic load and random plant availability as well as stochastic marginal generation cost factors embedded...
Persistent link: https://www.econbiz.de/10012970389
This paper presents an analytical structural model for the electricity price process driven by stochastic load as well as stochastic marginal generation costs in a multi-fuel stack framework covering the entire fuel switch dynamics. Moreover, the random character of available generation capacity...
Persistent link: https://www.econbiz.de/10012972150
The European Union's (EU) energy sector is changing due to major policy reforms. In this article, we examine the impact of major legislative changes which were designed to induce competition in the energy sector: the three liberalization packages. Competition was expected to benefit the industry...
Persistent link: https://www.econbiz.de/10012949854
Persistent link: https://www.econbiz.de/10002710376
Persistent link: https://www.econbiz.de/10001227336
deregulation, delay, and weak regulation as often as over-regulation. This Article proposes a specific mechanism for OIRA to engage …
Persistent link: https://www.econbiz.de/10013091787