During system development, large-scale, complex energy systems require multi-disciplinary efforts to achieve system quality, cost, and performance goals. As systems become larger and more complex, the number of possible system configurations and technologies, which meet the designer’s...

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective function into the firm's profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite of a...

The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective function into the firm’s profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite...

The present paper shows how cointegration analysis within a multivariate framework may be applied for the estimation of energy demand elasticities in order to account for the non-stationarity of the time series used. The dynamic modelling approach followed is one based on general-to-specific...

Out of the attempts made at modernising the Hungarian society and economy in the era of socialism it was only the agricultural transition and development that has brought a long, internationally recognised success. The Hungarian agricultural model has become a point of reference for numerous...