Discriminatory price auctions in electricity markets: low volatility at the expense of high price levels

Article Abstract:

Price volatility can be decreased for electricity when a discriminatory price auction is held. But discriminatory price auctions and uniform price auctions can produce high electricity prices in a structural market power system.

Commodity & service prices, Evaluation, Company pricing policy, Pricing policies

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Strategic pricing when electricity is storable

Article Abstract:

Using an oligopolistic model where hydroelectric utilities compete and replenishing of water reserves is stochastic, the research shows strategic behavior dispatch efficiency, price cap effect, and collusion likelihood.

Statistical Data Included, Methods, Pricing

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Incentive contracts for infrastructure, litigation and weak institutions

Article Abstract:

The theory of incentive contracts of government for public projects through private-sector participation, which may result in excessive litigation costs by private firm over contract terms, is analyzed.

Contracts & orders received, Contracts & orders let, Analysis, Public works, Contracts, Contract agreement, Public contracts, Government contracts, Government contract, Public-private sector cooperation

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