In this paper, we explore the strategic decision of an incumbent to open a proprietary technology platform in order to allow same-side co-opetition in a market characterized by network effects. We propose a game-theoretic model that analytically conceptualizes the interplay among the degree of sameside platform openness, the absorptive capacity of the entrant, and the intensity of network effec...

Multidivisional firms frequently rely on external market prices in order to value internal transactions across profit centers. This paper examines marketbased transfer pricing when an upstream division has monopoly power in selling a proprietary component both to a downstream division within the same firm and to external customers. When internal transfers are valued at the prevailing market pri...

this paper demonstrates a method to how reserve capacity and cost allocation could be determined in a pool-based and disaggregated market model. the method considers both the spinning reserve and interruptible loads as the operating reserve services. in the proposed market, generators and consumers (including participation of interruptible loads) submit offers and bids to the independent system...

The German support for renewable energies in the electricity sector is based on the feed-in tariff for investors that grants guaranteed revenues for their renewable energy supply. Corresponding to differences of granted tariffs and respective market values, a surcharge on consumption covers differential costs. While granted tariffs are bound to fall with advances in renewable energy technologie...

In order for organizations to survive on increasingly competitive and global markets, adequate management of intellectual capital is essential. Although increasingly more information is found in electronic formats, turning this information into valuable knowledge is still the responsibility of people by applying it in professional situations to generate value. In this paper, we describe an appr...

Almost all real assets trade in decentralized markets, where trading frictions could inhibit the efficiency of asset allocations and depress asset prices. In this paper, I use data on commercial aircraft markets to empirically investigate whether trading frictions vary with the size of the asset market. Intuitively, it is more difficult to sell assets that have a thin market. As a result, firms...

Transmission congestions limit market activities and decrease possible benefits of energy market players. This paper introduces a portfolio of measures for a better use or increase of the transmission capacity of AC transmission lines. Novel approaches like stability monitoring, coordinated control and wide area protection are discussed. Their application to increase available transmission capa...

Generation Expansion Planning (GEP) has been a significant issue for not only the regulator but also the market participants. The generators should adapt strategies at stage of long-term capacity adjustment and stage of operation for pursuing improvement of their profit. The regulator should anticipate market failure and give incentives to capacity investment. In the competitive Electricity mar...