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Interaction between balancing market design and market behaviour of wind power producers in China
Renewable and Sustainable Energy Reviews, 2020To fulfil a commitment to reduce greenhouse gas emissions, promoting renewable energy accommodation is a major goal in establishing a spot market in light of China's 2015 electricity market reform.
Zhaoyuan Wu +5 more
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Market design for successful implementation of UAE 2050 energy strategy
Renewable and Sustainable Energy Reviews, 2019In order to implement a renewable energy (RE) strategy in any country, there is a need for a good market design in order to have successful outcomes. Market design depends of several factors such as Infrastructure, Human Capacity and Institutions.
S. A. Naqbi, I. Tsai, T. Mezher
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Complex Social and Behavioral Systems, 2017
Fuhito Kojima, Fanqi Shi, Akhil Vohra
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Fuhito Kojima, Fanqi Shi, Akhil Vohra
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Quantifying the benefits of a nodal market design in the Texas electricity market
Energy Economics, 2022This study quantifies the economic and environmental impacts associated with the change from a zonal to nodal design in the Texas electricity market. To begin, we present a framework to understand the mechanisms that lead to inefficient outcomes under a ...
R. Triolo, F. Wolak
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Market design to accelerate COVID-19 vaccine supply
Science, 2021Build more capacity, and stretch what we already have Each month, COVID-19 kills hundreds of thousands of people, reduces global gross domestic product (GDP) by hundreds of billions of dollars, and generates large, accumulating losses to human capital by
Juan-Camilo Castillo +15 more
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Market Design in an Intermittent Renewable Future: Cost Recovery With Zero-Marginal-Cost Resources
IEEE Power and Energy Magazine, 2021The basic features of an efficient short-term wholesale market design do not necessarily need to change to accommodate a significantly larger share of zero-marginal-cost, intermittent renewable energy from wind and solar resources.
F. Wolak
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Market design for commute-driven private parking lot sharing
, 2021Shared parking is recognized as a promising solution to tackle the parking space shortage problem in population-dense cities. However, peer-to-peer shared parking by individuals is not easy to implement in such cities, because it requires the consent of ...
Minghui Lai, Xiaoqiang Cai, Qian Hu
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Electricity market design for low-carbon and flexible systems: Room for improvement in Chile
, 2021Chile was the first country that privatized all generation, transmission, and distribution services, and introduced competition in the generation segment.
Francisco D. Muñoz +3 more
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Behavioral and Brain Sciences, 2023
Abstract When it comes to behavioral change, economic design and behavioral science are complements, not substitutes. Chater & Loewenstein give examples from policy design. In this commentary, I use examples, often from my own research, to show how behavioral insights inform the design of the rules that govern market transactions.
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Abstract When it comes to behavioral change, economic design and behavioral science are complements, not substitutes. Chater & Loewenstein give examples from policy design. In this commentary, I use examples, often from my own research, to show how behavioral insights inform the design of the rules that govern market transactions.
openaire +3 more sources
2023
The first chapter analyzes an auction setting where an owner of a company delegates bidding to a manager. The owner relies on the manager because only the manager is an expert in the market. The manager's incentives are only partially aligned with the owner.
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The first chapter analyzes an auction setting where an owner of a company delegates bidding to a manager. The owner relies on the manager because only the manager is an expert in the market. The manager's incentives are only partially aligned with the owner.
openaire +1 more source

