We examine the forward market for electricity for indications of misuse of market power. The data source is a unique set of OTC price indications posted by Elsam A/S, the dominant producer in Western Denmark, which is one of the price areas under the Nordic power exchange Nord Pool. The Danish...

We examine the forward market for electricity for indications of misuse of market power, using a unique data set on OTC price indications posted by Elsam A/S, the dominant producer in Western Denmark, which is one of the price areas under the Nordic power exchange Nord Pool. The Danish...

This paper studies the consumption, labor and asset allocation problem of an agent, who is liquidity constrained and faces a stochastic wage that cannot be spanned by the available financial assets. The market is, as a result, incomplete. I also allow for simple trade restrictions which further...