Local energy communities and electricity markets have emerged as possibilities for interaction among prosumers. A substantial effort has been invested into creating efficient pricing mechanisms various market arrangements, all of which take consideration distinct characteristics local trading. However, since they are evaluated in terms systems conditions, it is challenging to directly compare t...

The COVID-19 pandemic has exposed the opacity of global personal protective equipment (PPE) supply chain. Dependence on international markets for medical PPE provision left states vulnerable to price volatility and shortages. As severity fluctuates amidst an ever-present risk regional public health crises, market – exacerbated by lack accurate, up-to-date, transparent information conditions wil...

This paper develops a conceptual model that analyzes the impact of increasing market transparency under the Livestock Mandatory Reporting Act of 1999 on the incentives for collusion in the U.S. meatpacking industry. More than likely, meatpackers will have asymmetric priors regarding the distribution of livestock prices. Moreover, they lack the incentives to voluntarily reveal their real priors....

Does the common currency promote goods market integration within the EMU? We argue that such an effect is likely, but that the mechanism typically proposed – lover costs of arbitrage because of increased price transparency – is likely to be of minor importance. Instead we sketch a duopoly model which stresses that lover possibility of future real exchange rate variability lowers the option valu...

We study a model where the aggregate trading of currency speculators reveals new information to the central bank and affects its policy decision. We show that the learning process gives rise to coordination motives among speculators leading to large currency attacks and introducing non-fundamental volatility into exchange rates and policy decisions. We show that the central bank can improve the...

When consumers of science (readers and reviewers) lack relevant details about the study design, data, and analyses, they cannot adequately evaluate the strength of a scientific study. Lack of transparency is common in science, and is encouraged by journals that place more emphasis on the aesthetic appeal of a manuscript than the robustness of its scientific claims. In doing this, journals are i...