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Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions. In our model the fraction of rights issued in the...
Persistent link: https://www.econbiz.de/10011325061
Abstract We study the impact of central clearing of over-the-counter (OTC) transactions on counterparty exposures in a market with OTC transactions across several asset classes with heterogeneous characteristics. The impact of introducing a central counterparty (CCP) on expected interdealer...
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We study how access pricing affects network competition when consumers'subscription demand is elastic and networks …
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empirically analyse the effect of ownership unbundling of gas transmission networks as the strongest form of vertical separation on … endogeneity problem and to estimate the long-run effects of regulation. We introduce a set of regulatory indicators as market entry … regulation, ownership structure, vertical separation and market structure and account for structural and economic country …
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This is a seminar based on research literature. Papers covered are selected to illustrate important problems and approaches in the field of computational and systems biology, and provide students a framework from which to evaluate new developments. The MIT Initiative in Computational and Systems...
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This paper analyzes the relative economic power position of home carriers in hub-and-spoke systems. Hub-and-spoke systems may lower costs on densely traveled routes and enable economically viable operations on less densely traveled routes. The reverse side is probably that carriers enjoy...
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