搜索结果: 1-15 共查到“商业经济学 Markets”相关记录65条 . 查询时间(0.108 秒)
Debt Crises and Risk Sharing: The Role of Markets versus Sovereigns
Income insurance capital markets international
2015/9/21
Using a variance decomposition of shocks to GDP, we quantify the role of international factor income, international transfers, and saving in achieving risk sharing during the recent
European crisis. ...
That’s News to Me! Information Revelation in Professional Certification Markets
Professional Certification Markets Information Revelation
2015/9/21
Using sportscard grading as an example, we employ field experiments to investigate
empirically the informational role of professional certifiers. In the past 20 years, professional
grading of spor...
Spot market power is
mitigated by putting suppliers and demanders in a more balanced position at the time of the spot
market. The markets also reduce transaction costs and improve liquidity and tran...
ISO New England proposes reserve markets designed to improve the existing forward
reserve market and improve pricing during real-time reserve shortages. We support all of the
main elements of the ...
Eliminating the Flaws in New England’s Reserve Markets
England’s Reserve Markets Eliminating
2015/9/18
New England’s wholesale electricity market has been in operation, since May 1, 1999. When the
market began it was understood that the rules were not perfect (Cramton and Wilson 1998). However, it
...
Forward Reliability Markets: Less Risk, Less Market Power, More Efficiency
Less Risk Less Market Power
2015/9/18
A forward reliability market is presented. The market coordinates new entry through the
forward procurement of reliability options—physical capacity bundled with a financial
option to supply energ...
Testing for Market Efficiency with Transactions Costs: An Application to Convergence Bidding in Wholesale Electricity Markets
Market Efficiency Transactions Cost
2015/7/31
With risk neutral traders and zero transactions costs, the expected value of the
di erence between the current forward price and the spot price of a commodity at the
delivery date of the forward con...
Simulating the Interaction of a Renewable Portfolio Standard with Electricity and Carbon Markets
Electricity and Carbon Markets Renewable Portfolio Standard
2015/7/31
The authors ran a game-based simulation of an electricity
market with both an RPS and a cap-and-trade market for
greenhouse gas emissions allowances. High renewable
energy shares reduced and shifte...
Simulating the Interaction of a Renewable Portfolio Standard with Electricity and Carbon Markets
Electricity and Carbon Markets Renewable Portfolio Standard
2015/7/31
The authors ran a game-based simulation of an electricity
market with both an RPS and a cap-and-trade market for
greenhouse gas emissions allowances. High renewable
energy shares reduced and shifte...
Measuring the Benefits of Greater Spatial Granularity in Short-Term Pricing in Wholesale Electricity Markets
Short-Term Pricing Greater Spatial Granularity
2015/7/31
This paper quantifies the economic benefits associated with the introduction of greater
spatial granularity in short-term pricing in the
California wholesale electricity market. On
April 1, 2009...
Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market, 1998–2000
Unilateral Market Power Electricity Markets
2015/7/31
This paper measures the unilateral incentive
each of the five largest electricity suppliers in
California had to exercise market power in the
state’s wholesale market during the four-month
p...
QUANTIFYING THE SUPPLY-SIDE BENEFITS FROM FORWARD CONTRACTING IN WHOLESALE ELECTRICITY MARKETS
WHOLESALE ELECTRICITY MARKETS SUPPLY-SIDE BENEFITS
2015/7/31
The assumption of expected profit-maximizing bidding behavior in a multi-unit, multi-period auction with
step-function supply curves is used to estimate cost functions for electricity generatio...
UNILATERAL MARKET POWER INWHOLESALE ELECTRICITY MARKETS
ELECTRICITY MARKETS UNILATERAL MARKET
2015/7/31
The role of the regulatory process is to ensure that
the conditions necessary for vigorous competition
exist and to limit the economic harm associated with
the exercise of unilateral market power w...
Ten Myths About Competitive Electricity Markets: Lessons for Designing Congestion Management Protocols
Competitive Electricity Markets Management
2015/7/31
In the extreme cases mentioned above [industry re-structuring of the
form implemented in the United Kingdom], many of the dispatch and
scheduling methods we are going to discuss will need to be re-t...
Competitive Markets without Commitment
Time-inconsistency Moral hazard Competitive Markets Adverse selection
2015/7/31
In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets can implement allocations that Pareto dominate those achieved by a benevolent government...