(SPDEM) and on wholesale energy market integrity and transparency (REMIT). I discuss issues relevant for undertaking an … evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising …

unemployment during the 1980's and 1990's could be directly attributed to product market deregulation. Under a traditional … attributed to product market deregulation, a surprisingly small amount. Under a small surplus calibration, however, product … market deregulation can account for the entire decline in US trend unemployment over the 1980's and 1990's. -- product market …

private firms in expectation of an energy only market and cost-based redispatch. In different specifications we consider the … cases of one versus two price zones (market splitting) and analyze different approaches to recover network cost, in … particular lump sum, capacity based, and energy based fees. In order to compare the outcomes of our multi-stage market model with …