Dynamic Model of Common-pool Emission Permit Market as a Method for Solving the Persistent Pollutant Problem In paper, we develop common-pool permit market formulated dynamic gross pool trading emission discharge permits (EDPs) persistent pollutants. We discuss individual agents' demand decisions concerning EDPs and formulation, including general set marginal-cost pricing rules used in this typ...

Within a yearly time framework this tutorial paper describes stochastic programming models to determine the electricity market strategies pertaining to producers, consumers and retailers. A year-ahead forward market and a day-ahead pool market are considered. Hourly pool prices as well as the hourly demands of consumers and retailers are modeled as stochastic variables. Decisions pertaining to ...

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...

We study the link between lobbying and industrial concentration. Using data for past 20 years in US, we show how increases when an industry becomes more concentrated, using mergers as shocks to This holds true both expenditures on federal well campaign contributions. Results are line with predictions of a model where is akin public good incumbents, thus typically underprovided, while merger sol...

We study security issuers’ decisions on whether to pool assets when facing counterparties endowed with market power, as is common in over-the-counter markets. Our analysis reveals how buyers’ power may render the pooling of suboptimal — both privately and socially particular, potential gains from trade are large. Pooling then reduces elasticity volume relevant part payoff distribution, exacerba...

Deregulation policy has caused some changes in the concepts of power system reliability assessment. This paper deals with generation reliability evaluation in perfect competition power market using market economic concepts and its dynamic. Also, because of power markets and generators’ forced outages stochastic behavior, Monte Carlo Simulation (MCS) is used in this research. Generation reliabil...

As the electricity industry in California undergoes a process of fundamental restructuring, important new products and markets will be created while others will lose signi cance. In this paper, we make an initial survey of the products and markets that will be prominent in the emerging new electricity industry. We describe approaches to analyzing the prospects for, and the impacts of, market po...

We study the effects of thickness and competition on the equilibria of ride-sharing markets, in which price-setting firms provide platforms to match customers (“riders”) and workers (“drivers”). To study thickness, we vary the number of potential workers (“the labor pool”) and, to study competition, we change the number of firms from one to two. When the market is sufficiently thick, wage and w...