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In the study, an expected revenue model was built for the farmers and insurance institutes in China, with the aim of researching the realization conditions of the target price insurance market equilib...
Th e paper analyses new structured fi nancial products in agricultural market with the aim to gain in the declining trends. Th ere are presented the reverse outperformance and the capped rever...
n 1841 and 1842, eight states and the Territory of Florida defaulted on their sovereign debts. Traditional histories of the default crisis have stressed the causal role of the depression that began ...
When monopolistic firnls price using markups over worker productivity, low productivity workers may not enter the labor market because the wage may be too low. In the presence of aggregate demand spi...
This project investigates how changes in Metropolitan Statistical Area (MSA)-level housing prices affect household fertility decisions. Recognizing that housing is a major cost associated with child r...
We are grateful to Daron Acemoglu, Eli Berman, Frank Levy, and Sendhil Mullainathan for superb suggestions and to Michael Anderson and Tal Gross for excellent research assistance. Autor acknowledges...
This is a revised draft of working paper #08-02 of the Economics Program of the Conference Board. We would like to thank Martin Fleming and Baruch Lev for their comments on earlier drafts, as well...
This report reviews the proposed rules for restructured wholesale electricity markets in New England. We review the market rules, both individually and collectively, and identify potential problems ...
Capacity Market Fundamentals     Market Fundamentals  Market       2015/9/18
Electricity capacity markets work in tandem with electricity energy markets to ensure that investors build adequate capacity, in line with consumer preferences for reliability. The need for a capaci...
Spot market power is mitigated by putting suppliers and demanders in a more balanced position at the time of the spot market. The markets also reduce transaction costs and improve liquidity and tran...
This paper presents a product design for Colombia’s regulated market (MOR), which is scheduled to began in 2008. The regulated market consists of residential and other small customers. Currently, ...
We argue that a capacity market is needed in most restructured electricity markets, and present a design that avoids problems found in the early capacity markets. The proposed market only rewards ...
This paper examines principles of market design as applied to electricity markets. I illustrate the principles with examples of both good and bad designs. I discuss one of the main design challe...
In mid-November, this Panel was constituted to investigate “whether the current rules for determining the market price in the California Power Exchange Day-Ahead market results in a fair and effic...

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