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11 Dec 2023: well-functioning pan-European gas wholesale market. We employ a transaction cost economics. ... transaction cost economics framework. Table 2 outlines the main characteristics of the industry using.

5 Dec 2023: Tooraj Jamasb. Faculty of Economics, University of Cambridge. Michael Pollitt. Judge Business School, University of Cambridge. ... 2004) refer to a violation of standard assumptions (for example profit maximisation or efficient production) in production

6 Dec 2023: 1993), and Pollitt (1995). 2.2.4 Three-stage model The three-stage model was first applied by Fried et al.

5 Dec 2023: CMI Working Paper Series. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. ConfpapEnjournBritain 30/11/04 1. ... At the time. Professor, Department of Applied Economics, University of Cambridge, Sidgwick Avenue,Cambridge, England CB3 9DE (E-mail:

6 Dec 2023: Incorporating Undesirable Outputs into Malmquist TFP. Index: Environmental Performance Growth of Chinese. Coal-Fired Power Plants. Hongliang Yang and Michael Pollitt. September 2007. CWPE 0740 and EPRG 0716. 2. Incorporating Undesirable Outputs into

6 Dec 2023: Corresponding author. Faculty of Economics, ESRC Electricity Policy Research Group,. University of Cambridge, Sidgwick Avenue, Austin Robinson Bldg., Cambridge CB3 9DE, UK. ... Section 2 discusses some important and relevant features of the model and

11 Dec 2023: We discuss selected aspects that relate to industrial organisation, regulation, business economics, and technology. ... Network charges can be applied to production, demand, capacity, and usage levels (Pollitt, 2018).

6 Dec 2023: EPRG Working Paper 1106 Cambridge Working Paper in Economics 1122. Philipp-Bastian Brutscher. ... Electricity Policy Research Group and Faculty of Economics. University of Cambridge.

6 Dec 2023: imbalances. One price is applied to positive imbalances, in which energy supplied in excess of. ... Different levels. of penalties are applied to these day ahead prices on the exchanges.

5 Dec 2023: XLV, No. 3, September 1997, pp. 269-303. Later work applied similar methods to the rest of the UK electricity sector. ... Also R H Coase, “The theory of public utility pricing and its application”, Bell Journal of Economics and Management Science, Vol