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We analyze the risk premium on electricity forward contracts traded for the Nordic and German/Austrian electricity …
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We study an infinitely repeated oligopoly game in which firms compete on quantity and one of them is capacity constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little incentive to deviate from a cartel. We also present...
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Capacity mechanisms are increasingly used in electricity market design around the world yet their role remains hotly … debated. In this paper, we introduce a new benchmark model of a capacity mechanism in a competitive electricity market with …
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Electricity markets are currently going through a phase of agitating transition, which is mainly characterized by an … electricity markets, which are the starting point of the unique regulatory framework, an up-to-date overview of the debate on the …
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