An Optimization-Based Conjectured Response Approach to Medium-term Electricity Markets Simulation

Author(s):  
Julián Barquín ◽  
Javier Reneses ◽  
Efraim Centeno ◽  
Pablo Dueñas ◽  
Félix Fernández ◽  
...  

2007 ◽  
Vol 97 (4) ◽  
pp. 1250-1277 ◽  
Author(s):  
Kira R Fabrizio ◽  
Nancy L Rose ◽  
Catherine D Wolfram

While neoclassical models assume static cost-minimization by firms, agency models suggest that firms may not minimize costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to market-oriented environments for many US electric generating plants. Our estimates of input demand suggest that publicly owned plants, whose owners were largely insulated from these reforms, experienced the smallest efficiency gains, while investor-owned plants in states that restructured their wholesale electricity markets improved the most. The results suggest modest medium-term efficiency benefits from replacing regulated monopoly with a market-based industry structure. (JEL D24, L11, L51, L94, L98)



2008 ◽  
Vol 2 (3) ◽  
pp. 318-339 ◽  
Author(s):  
Natalia Mosquera ◽  
Javier Reneses ◽  
Eugenio F. Sánchez‐Úbeda


2017 ◽  
Vol 260 (2) ◽  
pp. 432-443 ◽  
Author(s):  
L. Marí ◽  
N. Nabona ◽  
A. Pagès-Bernaus


Energies ◽  
2016 ◽  
Vol 9 (3) ◽  
pp. 193 ◽  
Author(s):  
Antonio Bello ◽  
Javier Reneses ◽  
Antonio Muñoz






2012 ◽  
Vol 73 (S 02) ◽  
Author(s):  
J. Ellenbogen ◽  
A. Kinshuck ◽  
M. Jenkinson ◽  
T. Lesser ◽  
D. Husband ◽  
...  


2005 ◽  
Vol 53 (S 01) ◽  
Author(s):  
N Doll ◽  
T Walther ◽  
V Falk ◽  
H Bittner ◽  
A Rastan ◽  
...  


2006 ◽  
Vol 36 (142) ◽  
pp. 113-126
Author(s):  
Enrique Dussel Peters

China's socioeconomic accumulation in the last 30 years has been probably one of the most outstanding global developments and has resulted in massive new challenges for core and periphery countries. The article examines how China's rapid and massive integration to the world market has posed new challenges for countries such as Mexico - and most of Latin America - as a result of China's successful exportoriented industrialization. China's accumulation and global integration process does, however, not only question and challenges the export-possibilities in the periphery, but also the global inability to provide energy in the medium term.



2020 ◽  
pp. 121-134
Author(s):  
S. A. Andryushin

In 2019, a textbook “Macroeconomics” was published in London, on the pages of which the authors presented a new monetary doctrine — Modern Monetary Theory, MMT, — an unorthodox concept based on the postulates of Post-Keynesianism, New Institutionalism, and the theory of Marxism. The attitude to this scientific concept in the scientific community is ambiguous. A smaller part of scientists actively support this doctrine, which is directly related to state monetary and fiscal stimulation of full employment, public debt servicing and economic growth. Others, the majority of economists, on the contrary, strongly criticize MMT, arguing that the new theory hides simple left-wing populism, designed for a temporary and short-term effect. This article considers the origins and the main provisions of MMT, its discussions with the mainstream, criticism of the basic tenets of MMT, and also assesses possible prospects for the development of MMT in the medium term.



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