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Sequential time-step generation companies decisions in oligopolistic electricity market
Cournot model Electricity markets Oligopolistic competition
2014/11/27
This paper studies the production decisions of generation companies (GENCOs) which are fully engaged in oligopolistic electricity markets. The model presented is based upon the static equilibrium mode...
Simulation of producers behaviour in the electricity market
Electricity market Nash equilibrium
2014/11/27
Simulation of the electricity market participant’s behaviour is important for producers and consumers to determine their bidding strategies and for regulating the market rules. In literature, for this...
Auction Mechanism Design in Wholesale Electricity Market Considering Impacts of Long-term Contract
long-term contract wholesale electricity market
2014/11/27
In wholesale electricity market, a generator with cost information advantage will submit a bid higher than its true cost, which may reduce the market efficiency. To solve this problem, this article de...
Bankruptcy Risk and the Performance of Market-based Pollution Control Policies
Limited Liability, Emissions Trading, Emissions Taxes
2014/11/11
We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In chapter one, we concentrate on emissions trading markets. We find that firms that risk bankrup...
ZONAL AND REGIONAL LOAD FORECASTING IN THE NEW ENGLAND WHOLESALE ELECTRICITY MARKET: A SEMIPARAMETRIC REGRESSION APPROACH
Load Forecasting Penalized Splines Mixed
2014/11/11
Power system planning, reliability analysis and economically efficient capacity scheduling all rely heavily on electricity demand forecasting models. In the context of a deregulated wholesale electric...
Assessing the Impact of Economically Dispatchable Wind Resources on the New England Wholesale Electricity Market
Oak Ridge Competitive Dispatch (ORCED) model Do Not Exceed dispatch
2014/11/11
Among renewable energy resources, wind power is poised to contribute most significantly to meeting future wholesale electricity demand. However, the intermittent nature of wind power makes maintaining...
ZONAL AND REGIONAL LOAD FORECASTING IN THE NEW ENGLAND WHOLESALE ELECTRICITY MARKET: A SEMIPARAETRIC REGRESSION APPROACH
Semiparametric Regression Load Forecasting Penalized Splines Mixed Models
2014/10/21
Power system planning, reliability analysis and economically efficient capacity scheduling all rely heavily on electricity demand forecasting models. In the context of a deregulated wholesale electric...
Assessing the Impact of Economically Dispatchable Wind Resources on the New England Wholesale Electricity Market
Wind wholesale electricity markets Oak Ridge Competitive Dispatch (ORCED) model Do Not Exceed dispatch
2014/10/21
Among renewable energy resources, wind power is poised to contribute most significantly to meeting future wholesale electricity demand. However, the intermittent nature of wind power makes maintaining...
PUBLIC INTEREST AND SELF-INTEREST IN THE MARKET AND THE DEMOCRATIC PROCESS
PUBLIC INTEREST SELF-INTEREST MARKET DEMOCRATIC PROCESS
2014/6/26
The idea of public interest has been criticized by economic theory as being naïve in its believe that politicians could anticipate something like the public interest. Public Choice theory has sho...
Housing Market Spillovers: Evidence from the End of Rent Control in Cambridge, Massachusetts
Housing Market Price Controls
2014/9/9
We measure the capitalization of housing market externalities into residential housing values by studying the unanticipated elimination of
stringent rent controls in Cambridge, Massachusetts, in 1995...
Engineers versus managers: experts, market-making and state-building in Putin’s Russia
experts political economy of markets markets market reform marketization valuation Russia electricity
2014/3/20
Market-making and state-building are mutually reinforcing processes. This paper documents the role played in these processes by two groups of experts in Russia’s electricity sector: technical experts ...
Price and Quality Dispersion in an Offshoring Market: Evidence from Semiconductor Production Services
Price and Quality Dispersion an Offshoring Market Evidence Semiconductor Production Services
2013/11/27
This paper studies price and quality differences across international intermediate input suppliers. We develop price measures that account for (i) differences in product characteristics, (ii) unobserv...
Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies
Distributional Effects Macroeconomic Policy Choices Emerging Market Economies
2013/11/27
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since f...
The China Syndrome: Local Labor Market Effects of Import Competition in the United States
Import Competition Labor Market
2014/9/10
We analyze the effect of rising Chinese import competition between 1990 and 2007 on US local labor markets, exploiting cross- market variation in import exposure stemming from initial differences in i...
The Growth of Low-Skill Service Jobs and the Polarization of the US Labor Market
Labor Market Low-Skill Service Jobs
2014/9/10
We offer a unified analysis of the growth of low-skill service occupations between 1980 and 2005 and the concurrent polarization of US employment and wages. We hypothesize that polarization stems from...