The process of deregulation in network industries, in particular in the electric sector, raises the problem of Þnancing the Universal Service Obligations (USO) corresponding to the production, transport and distribution operations. In this paper, we study three ways of funding for an USO of...

La loi de nouvelle organisation des marchés de l'électricité s'inscrit dans le prolongement du processus d'ouverture à la concurrence du secteur européen de l'énergie électrique engagé par les États membres de l'Union européenne en 1996. Cette nouvelle loi, qui modifie et complète...

The process of deregulation in network industries, in particular in the electric sector, raises the problem of financing the Universal Service Obligations (USO) corresponding to the production, transport and distribution operations. In this paper, we study three ways of funding for an USO of...

The transition towards a more competitive regime in network industries (and specially in electricity sector) raises the relevant question of funding for the Universal Service Obligations (USOs). Our paper focuses on two ways of funding for universal service and equal treatment obligations...

This paper aims to introduce some market mechanisms that can improve reliability in the market for electricity generation in Colombia, these are: 1) to provide additional information to agents in a market which by nature is random and 2) reliability insurances, recognizing that the demands are...

This paper analyzes the institutional problems of the electrical industry in Colombia from the perspectives of neoinstitutionalism, regulation, agency models and contracts. Regulation is perceived as a set of interest groups that seeks wealt redistribution. This intervention involves multiple...

This article presents a statistical analysis of the quality of regulation of the Colombian electrical industry based on the economic classification of the rules issued by the National Commission on Energy and Gas. Regulation is understood as a contractual relationship among different interest...

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is determined by means of a clearinghouse double auction...

As the United States is poised to enter a new era of nuclear power plant construction, it behooves us to revisit some of the controversies of the past and consider how best to deal with some of the major problems that arose once before and may confront us once again as we go down this path. A...

We consider a proposal for pharmaceutical patenting policy: namely, for society to grant and purchase the patent of the first of a new class of drug, instead of purchasing the drug, and award no further patents to runner-up drugs, producing or licensing production with price set to maximise...