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  2. A VCG mechanism for Electrical Storage

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1613.pdf
    8 Dec 2023: The. key market design question around storage is how to appropriately involve storage units 1 The authors acknowledge the financial support of the EPSRC Business, Economics, Planning and Policy for Energy ... and Tirole, J. (2007). ’Reliability and
  3. GoldSilverBronze

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1629.pdf
    8 Dec 2023: RAND Journal of Economics, vol. 38, pp. 60-84. Kiesling, L. and Giberson, M. ... 104, pp. 442-445. Yoon, K. (2008). ‘The participatory Vickrey-Clarke-Groves mechanism’, Journal of.
  4. swp0001.dvi

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1213.pdf
    7 Dec 2023: Market”, Journal of Political Economy, 100 (5), pp. 929-53. 7Supply function models typically have a continuum of solutions, one of which may be linear, providing there. ... RAND Journal of Economics, 29(4), Winter, 726-49. Watkins, C. (1989).
  5. www.eprg.group.cam.ac.uk The Simple Economics of Asymmetric Cost…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1511.pdf
    8 Dec 2023: mission: A Survey. Journal of Agricultural Economics 55, 581-611. [10] Peltzman, Sam (2000). ... 11] Tappata, Mariano (2009). Rockets and Feathers: Understanding Asymmetric Pricing. RAND Journal of Economics 40, 673-687.
  6. Document 1

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0821.pdf
    6 Dec 2023: Predicting market power in wholesale electricity markets. David M Newbery. Faculty of Economics,. ... RAND Journal of Economics, 29(4), Winter, 726-49. Newbery, D.M. (2005) Electricity liberalisation in Britain: the quest for a satisfactory.
  7. www.eprg.group.cam.ac.uk Contracting in a market with differential…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1624.pdf
    8 Dec 2023: Economic Studies, 54(2): 279 – 292. Gal-Or, Esther. 1988. “The Advantages of Imprecise Information.” RAND Journal of. ... Personalized Pricing and Quality Customiza-. tion.” Journal of Economics and Management Strategy, 18(4): 1095 – 1135.
  8. Document 1

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1025.pdf
    6 Dec 2023: Shleifer, A. (1985). A Theory of Yardstick Competition. Rand Journal of Economics 16,. ... 319-327. Spence, M. A. (1975). Monopoly, Quality, and Regulation, Bell Journal of Economics 6(2),.
  9. www.eprg.group.cam.ac.uk The prisoner’s dilemma in Cournot models:…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1619.pdf
    8 Dec 2023: EPRG Working Paper 1619 Cambridge Working Paper in Economics 1641. Ibrahim Abada and Andreas Ehrenmann Abstract In resource based economies, regulating the production and export activities have always been an important ... In energy economics Cournot
  10. www.eprg.group.cam.ac.uk EP RG WO RK ING PA PE R ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1214.pdf
    7 Dec 2023: He thanks the EPRG for their hospitality.†University of Munich, Department of Economics, Kaulbachstraße 45, 80539 Munich, Germany, E-mail:. ... dominik.ruderer@lrz.uni-muenchen.de‡University of Munich, Department of Economics, Ludwigstraße 28,
  11. Slide 1

    https://www.jbs.cam.ac.uk/wp-content/uploads/2024/01/eprg-M.-Pollitt-4.pdf
    29 Jan 2024: Journal of Economics, 15 (3), Autumn, 360–76. • Boley, T. A., & Fowler, G. ... The Case of Electricity’, Journal of Law and Economics, V, October, 1–16. •
  12. swp0000.dvi

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0501.pdf
    5 Dec 2023: RAND Journal of Economics 29(4), 726—749. Schmalensee, R. and B. W. ... Golub (1984). Estimating effective concentration in deregulated. wholesale electricity markets. Rand Journal of Economics 15(1), 12—26.
  13. 08_17_cover

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0817.pdf
    6 Dec 2023: EPRG Working Paper 0817. Cambridge Working Paper in Economics 0834. Paul Nillesen & Michael Pollitt. ... Paul.nillesen@nl.pwc.com. Michael G. PollittReader in Business Economics. Judge Business Schooland. ESRC Electricity Policy Research GroupCambridge
  14. Learning by Doing with Constrained Growth Rates

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0826.pdf
    6 Dec 2023: EPRG Working Paper EPRG 0826 Cambridge Working Paper in Economics 0850. ... The authors would like to thank anonymous referees of the Journal of Competition and Regulation of Networks Industry and from the Cambridge EPRG, William Nuttall and Simon Taylor
  15. www.eprg.group.cam.ac.uk Optimising VRE plant capacity in Renewable…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2121.pdf
    11 Dec 2023: www.eprg.group.cam.ac.uk. Optimising VRE plant capacity in Renewable Energy Zones. EPRG Working Paper 2121 Cambridge Working Paper in Economics 2164. ...  Professor of Economics, Centre for Applied Energy Economics & Policy Research, Griffith
  16. www.eprg.group.cam.ac.uk Regulation of access, fees, and investment…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2307.pdf
    12 Dec 2023: David Newbery. EPRG Working Paper 2307 Cambridge Working Paper in Economics 2335 Abstract. ... Pollitt and J-M Glachant. Contact David Newbery, dmgn@cam.ac.uk Energy Policy Research Group, Faculty of Economics, University of Cambridge, Sidgwick Ave.,
  17. www.eprg.group.cam.ac.uk UK Electricity Market Reform and the Energy…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1817.pdf
    8 Dec 2023: EPRG Working Paper 1817. Cambridge Working Paper in Economics 1834. Michael Grubb and David Newbery. ... After the ‘dash for gas’ of the 1990s, there was considerable spare capacity.
  18. www.eprg.group.cam.ac.uk Strategic behaviour in a capacity market?…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1833.pdf
    8 Dec 2023: EPRG Working Paper 1833. Cambridge Working Paper in Economics 1863. Juha Teirilä and Robert A. ... Department of Economics, University Oulu, Finland. E-mail: juha.teirila@oulu.†Judge Business School & Energy Policy Research Group, University of
  19. www.eprg.group.cam.ac.uk Renewable Energy Zones in Australia’s…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2103.pdf
    11 Dec 2023:  Professor of Economics, Griffith Business School, Griffith University.  Research Associate, Energy Policy Research Group, University of Cambridge. ... However, it would also defy the laws of physics and economics and allocate network losses of
  20. www.eprg.group.cam.ac.uk What effect has the 2015 power market reform …

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2010.pdf
    11 Dec 2023: Evidence from Guangdong and Zhejiang EPRG Working Paper 2010. Cambridge Working Paper in Economics 2043. ... b College of Management and Economics, Tianjin University. c China Research Institute of Regulation and Public Policy, Zhejiang Province.
  21. www.eprg.group.cam.ac.uk An overview of the electrification of

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2037.pdf
    11 Dec 2023: prospects for decarbonisation. EPRG Working Paper 2037. Cambridge Working Paper in Economics 20120. ... 1 A version of this paper will appear as a chapter in the Handbook on the Economics of Electricity Markets, edited by.
  22. JP MO 21July05 CMI EP REV

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0503.pdf
    5 Dec 2023: The emergence of unregulated market-based transmission investment raises a set ofregulatory issues. ... Risk requires some source of uncertainty that is modelled as (residual)demand uncertainty.
  23. www.eprg.group.cam.ac.uk Equilibrium supply security in a…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1707.pdf
    8 Dec 2023: This work was conducted within the "Economics of electricity markets" research program at IFN. ... Financial support from the Energiforsk EFORIS project is gratefully acknowledged.†Research Institute of Industrial Economics (IFN), PO.
  24. www.eprg.group.cam.ac.uk Market Power and Price Exposure: Learning…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2117.pdf
    11 Dec 2023: EPRG Working Paper 2117. Cambridge Working Paper in Economics 2146. Natalia Fabra and Imelda. ... exposure affects the degree of market power. We find that fixed prices mitigate.
  25. cover40

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp40.pdf
    5 Dec 2023: Journal of Regulatory Economics, 10(1), 1996, 25-60. R. Gilbert, K. Neuhoff, D. ... Tirole, “Transmission rights and market power on electric power. networks”, RAND Journal of Economics 31(3), 450-487, 2000.
  26. www.eprg.group.cam.ac.uk Merchant utilities and boundaries of the…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2008.pdf
    11 Dec 2023: two-way Contracts-for-.  Professor of Economics, Griffith Business School, Griffith University. ... 7 See Utilities Policy Volume 16 (2008) and Economics of Energy & Environmental Policy Volume 2 (2013).
  27. P_transmission_Jan03

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp29.pdf
    5 Dec 2023: Not to be quoted without permission. M. CMI Working Paper. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. ... MARKET-BASED INVESTMENT IN ELECTRICITY TRANSMISSION NETWORKS: CONTROLLABLE FLOW. Gert Brunekreeft1 Department of Applied Economics.
  28. covers

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp7.pdf
    5 Dec 2023: Environmental Policy Research. CMI Working Paper 07. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. ... Environmental Policy Research. CMI Working Paper Series. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics.
  29. 0816_cover

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0816.pdf
    6 Dec 2023: promote competition. The theoretical background in industrial economics of this capacity. ... characterizing the intensity of competition in the market. 3 Note that we do not use the Lerner Index, because the statistical goodness of fit in the London
  30. Quality of Service - CMI Paper _January 2004_

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp35.pdf
    5 Dec 2023: Cambridge Working Papers in Economics CWPE 0408. Benchmarking and Incentive Regulation of Quality of Service: an Application to the UK. ... CMI Working Paper Series. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. BENCHMARKING AND INCENTIVE
  31. Incentive Regulation of Electricity Distribution Networks:

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0701.pdf
    6 Dec 2023: Tooraj Jamasb. Faculty of Economics University of Cambridge. Michael Pollitt Judge Business School. ... University of Cambridge. 19 June 2007. Corresponding author. Faculty of Economics, Electricity Policy Research Group,.
  32. www.eprg.group.cam.ac.uk Restructuring the Chinese Electricity Supply …

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1839.pdf
    8 Dec 2023: Cambridge Working Paper in Economics 1871. Michael G. Pollitt. Lewis Dale. ... Michael Pollitt wishes to thank Chung-Han Yang (CEENRG/Cambridge University) and Hao Chen (EPRG/BIT) and the Financial Minds journal of the Chinese Academy of Social Sciences
  33. Document 1

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0824.pdf
    6 Dec 2023: and Stability. David Newbery. Faculty of Economics. University of Cambridge. September 18, 2008. ... tion Equilibrium in Electricity Markets , Journal of Regulatory Economics, Volume 25,(2), 143-.
  34. www.electricitypolicy.org.uk EP RG WO RK ING PA PE R ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0809.pdf
    6 Dec 2023: Köhler (2006). “Induced technological change – exploring its implications for the economics of atmospheric stabilization: Synthesis report from the innovation modelling comparison project.” The Energy Journal 27, 57-108. ... Lieberman, M. B. (1984)
  35. www.eprg.group.cam.ac.uk Storing Power: Market Structure Matters EPRG …

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2038.pdf
    11 Dec 2023: market power. Within the energy economics literature, there is a long strand of papers analyzing the. ... discharge.8. An emerging strand of the literature specifically analyzes the economics of energy.
  36. Motivation

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0601.pdf
    5 Dec 2023: Rand Journal of Economics, Vol. 16, No. 1, Spring 1985. Junginger, M., Faaij, A. ... Journal of Aeronautical Sciences, 3 (4), pp.122-128. 18. Learning curves and changing product attributes:.
  37. www.eprg.group.cam.ac.uk Reforming the Chinese Electricity Supply…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1704.pdf
    8 Dec 2023: EPRG Working Paper 1704 Cambridge Working Paper in Economics 1713. Michael G. ... We then discuss each of the 14 reform elements that we identify above.
  38. elec-gen-2c.dvi

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp65.pdf
    5 Dec 2023: CMI Working Paper. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. Electricity generation with looped transmission networks:. ... 70125-4117, USA; www.EKonomicsLLC.comDepartment of Economics, University of Melbourne‖Department of Computer Sciences
  39. In many countries, the focus of electricity restructuring has moved…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp33.pdf
    5 Dec 2023: 2003) “Wholesale spot price pass-through”, Journal of Regulatory. Economics, vol. 23, no. ... RAND Journal of Economics, vol. 29 no 4 pp 726-749. Newbery, D.M.
  40. Learning by Doing with Constrained Growth Rates

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0820.pdf
    6 Dec 2023: EPRG Working Paper 0820 Cambridge Working Paper in Economics 0836. Paul Nillesen & Michael Pollitt. ... For adiscussion of competition in Texas see Abid & Zarnikau (2006).5 Ministry of Economics Affairs, the Netherlands (2007).
  41. www.eprg.group.cam.ac.uk Market power and long-term gas contracts:…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2115.pdf
    11 Dec 2023: 3. consequences. Our research contributes to the energy economics literature in several ways. ... They could improve the economics of gas trading and potentially liquidity in CEE gas markets but offer little in terms of physical energy security.
  42. www.eprg.group.cam.ac.uk Multi-unit auctions with uncertain supply…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2310.pdf
    12 Dec 2023: Workshop on Swedish Research in Industrial Economics in 2022, and in aseminar at the Research Institute of Industrial Economics (IFN). ... Australia, and Imperial College Business School.‡Research Institute of Industrial Economics (IFN), Stockholm,
  43. The relationship between regulation and competition policy for…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0611.pdf
    5 Dec 2023: Each approach reflects the evolutionary history of. 5 EU Framework Directive 2002/21/EC, Official Journal, 1L 108/33-49, 24.4.2002 6 as having SMP. ... and/or rapidly growing, and should be suspicious of persistently high market shares.
  44. paper_ceepr.dvi

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp55.pdf
    5 Dec 2023: CMI Working Paper 55. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. Cambridge Working Papers in Economics. ... Market 1995-2000. Andrew Sweeting. Department of Economics, Northwestern University. August 9, 2004.
  45. @TITLE02 =

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0623.pdf
    5 Dec 2023: Fox-penner, P.S. (1990b) “Cogeneration after PURPA: Energy Conservation and Industry Structure.” Journal of Law and Economics; 30; 2; 517-552. ... Jaffe, A.B. and R. Stavins (1995) “Dynamic incentives of environmental regulations: the effects of
  46. covers

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp14.pdf
    5 Dec 2023: CMI Working Paper 14. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. DAE Working Paper Series. ... I acknowledge generous funding for several fieldwork data collection, from the Department of Applied Economics, and the Political Economy Society,
  47. www.eprg.group.cam.ac.uk EP RG WO RK ING PA PE R ...

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1208.pdf
    7 Dec 2023: EPRG Working Paper 1208 Cambridge Working Paper in Economics 1216. Michael G. ... calculate  the aggregate welfare effect directly. Using this approach, Copenhagen  Economics  (2005) – in  a  report  for  the  European  Commission  ‐
  48. Supply function equilibria in transportation networks EPRG Working…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1401.pdf
    7 Dec 2023: Pär Holmberg hasbeen financially supported by the Jan Wallander and Tom Hedelius Foundation, and the Re-search Program the Economics of Electricity Markets. ... Research Institute of Industrial Economics (IFN), Box 55665, SE-. 102 15 Stockholm, Sweden.
  49. Slide 1

    https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-new-models-of-public-ownership.pdf
    5 Feb 2024: Newbery (1994). "The Dynamic Efficiency of Regulatory Constitutions." The RAND Journal of Economics 25(4): 538-554. • ... Hart, O., A.Shleifer and R.W.Vishny (1997), „The proper scope of government: Theory and application to prisons‟, Quarterly
  50. www.eprg.group.cam.ac.uk Strengths and Weaknesses of the British…

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1907.pdf
    11 Dec 2023: 1 Written as Chapter 5 for the Handbook on the Economics of Electricity, eds. ... After the success and lessons learned from earlier UK. 2 Written as Chapter 5 for the Handbook on the Economics of Electricity, eds.
  51. Document 1

    https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1209.pdf
    7 Dec 2023: 1 We are grateful for very helpful comments from Richard Friberg, Sven-Olof Fridolfsson, Jenny Fridström, Thomas Tangerås, anonymous referees, seminar participants at Stockholm School of Economics and Research Institute of ... The work has been

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