.-lbstract This paper details the estimated congestion rent collected by the Independent S}stem Operators (1S0) since their inception In different electrlclt} markets, The electricity markets analyzed are: New York Po\\er Pool. California Po\ver E\change. and Pennsylvania-Jersey-Ma~ land (PJM) potter pool. The paper describes the significant assumptions underl> ]ng [he calculations and attempts...

We propose a game-theoretic model in which each firm chooses the level of economic activity on the basis of its own financial conditions and of the financial conditions of rival firms. The model generates the laws of motion of firms’ net worth which may determine convergence to a symmetric steady state or more complex dynamical behaviors, periodic or chaotic, depending on the values of the para...

This paper analyses whether wages in Germany respond to firm-specific profitability conditions. Particular emphasis lies on the question of whether the extent of rent-sharing varies across di erent systems of wage determination. Those may be categorised into sector-specific wage agreements, firm-specific wage agreements and wage determination without any bargaining coverage. To derive testable ...

States Supreme Court held that an ordinance mandating a ceiling on rents mobile home park owners can charge does not constitute a Fifth Amendment taking by the government and, therefore, does not entitle the park owners to compensation. Background In 1978, the State of Califoniia enacted the Mobilehome Residency Law, which limits a mobile home park owner's ability to terminate the tenancy of a ...