A new type of player occurs in the sharing economy: a vertically integrated consumer who owns production facilities and has direct market access, often termed "active prosumer". The prosumer faces a trade-off between market transaction cost and substantial strategic potential to influence both...

The paper analyzes the volume and structure of self-supply in farmers’ households according to their financial condition. To evaluate that condition a synthetic index was constructed using the classical TOPSIS method. The basic source of information was the unpublished raw microdata on...

This paper explores several aspects of the vertical relationship between an upstream firm and a number of downstream firms that are Cournot rivals relying on the inputs provided by the upstream firm. We address the following questions: (i) if the upstream firm can charge different prices to...

European efforts to fight climate change, to improve the security of energy supply, and to drive innovation and competitiveness in the next decade will make distributed generation (DG) develop and grow considerably.

Contrary to a recent literature that questions whether price caps are effective, and even sensitive, under demand uncertainty, we show that in the absence of quantity precommitment the effects of a price cap are the same whether the demand is uncertain or deterministic. Next we study the...

Merchant electricity transmission investment is a practically relevant example of an unregulated investment with monopoly properties. However, while leaving the investment decision to the market, the regulator may decide to prohibit capacity withholding with a must-offer provision. This paper...

This study uses a dynamic 5-bus test case implemented via the AMES Wholesale Power Market Test Bed to investigate strategic capacity withholding by generation companies (GenCos) in restructured wholesale power markets under systematically varied demand conditions. The strategic behaviors of the...