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Regulation and the Leverage of Local Market Power in the California Electricity Market
Market Power Regulation
2015/7/31
Such generators possess ‘local’ monopoly power, and in deregulated settings have frequently
been able to extract significant rents from their advantageous locations within a power
system. Sinc...
Report on Monitoring Competition in the Central American Electricity Market
Central American Electricity Market Report
2015/7/31
This report responds to the Terms of Reference (TOR) attached to the end of this
document as an appendix. The objective of the TOR is “to identify an action plan for activities
to be undertaken by...
Report on “Proposal for Determining and Assigning the Reliability Charge for the Wholesale Energy Market” and “Electronic System of Standardized Long-Term Contracts (SEC)”
Determining and Assigning Reliability Charge
2015/7/31
The Comisión de Regulación de Energía y Gas (CREG) has proposed a new
mechanism for determining and assigning the reliability charge in the Colombian
wholesale electricity market (CxC) and an elec...
Options for Short-Term Price Determination in the Brazilian Wholesale Electricity Market: Report Prepared for Camara de Comercialização de Energia Elétrica (CCEE)
Price Determination Brazilian Wholesale Electricity
2015/7/31
This report was commissioned by the Camara de Comercialização de Energia Elétrica
(CCEE), the market operator for the Brazilian electricity supply industry, to study the options for
shor...
Report on Market Performance and Market Monitoring in the Colombian Electricity Supply Industry
Market Performance Market Monitoring
2015/7/31
The Superintendencia de Servicios Públicos (SSPD) has asked me to analyze and
comment on a number of issues relating to the performance and monitoring of the Colombian
Electricity Supply Industry....
Symmetric Treatment of Load and Generation: A Necessary Condition for Demand Response to Benefit Wholesale Market Efficiency and Manage Market Efficiency and Manage Intermittency
Load and Generation Manage Intermittency
2015/7/31
Outline of Talk • Dynamic Pricing
versus
Time-of-Use Pricing
• Symmetric treatment of load and generation
• A necessary condition for realizing
the benefits of dynamic pricin...
Designing a Retail Electricity Market That Enhances Wholesale Competition
Retail Electricity Market Wholesale Competition
2015/7/31
Thank you for the opportunity to speak on retail electricity market design. The primary goal
of this process should be to create a retail market infrastructure that enhances rather than detracts
fro...
The Job Market for New Economists:A Market Design Perspective
Job Market New Economists Market Design
2015/7/23
The Job Market for New Economists:A Market Design Perspective.
Technical Addendum to Market Culture:How Rules Governing Exploding Offers Affect Market Performance
Technical Addendum Market Culture Rules Governing Market Performance
2015/7/23
In the exploding offer treatment, when firms and applicants are all risk neutral, there is a perfect Bayesian equilibrium with efficient late matching. At this equilibrium, in period 7 firm j makes an...
Market Culture:How Rules Governing Exploding Offers Affect Market Performance
Market Culture Rules Governing Market Performance
2015/7/23
Many markets encounter difficulty maintaining a thick marketplace because they experience transactions made at dispersed times. To address such problems, many markets try to establish norms concerning...
Endogenizing market institutions:An experimental approach
Market institution Matching and information structures Efficiency
2015/7/23
We study experimental two-sided markets in which the information structure is endogenous.When submitting an offer, a trader decides which other traders will be informed about the offer. Thissetup allo...
Momentum traders in the housing market: survey evidence and a search model
search model survey evidence
2015/7/23
This paper studies household beliefs during the recent US housing boom. The first part
presents evidence from the Michigan Survey of Consumers. To characterize the heterogeneity
in households’...
The Gastroenterology Fellowship Market:Should There Be a Match?
Gastroenterology Fellowship Market Be a Match
2015/7/23
We are helping a task force of the American Gastroenterology Association to evaluate the current state of the (decentralized) market for gastroenterology fellows, and to assess the prospects of reorga...
Unraveling Reduces Mobility in a Labor Market:Gastroenterology with and without a Centralized Match
Unraveling Reduces Mobility Labor Market:Gastroenterology without a Centralized Match
2015/7/23
The entry-level market for American gastroenterologists was organized by a centralized clearinghouse from 1986 to 1996. Before, and since,it has been conducted via a decentralized market in which appo...
This paper uses an assignment model to understand the cross section of house prices within
a metro area. Moversí demand for housing is derived from a lifecycle problem with credit
market frictions. ...