Most of the British electricity supply industry has been privatized. Two dominant generators
supply bulk electricity to an unregulated" pool." They submit a supply schedule of prices for …

This paper addresses the concept of market efficiency, presenting a critical review of the
conventional tests in the area, which in turn provides the justification for employing an …

This paper assesses the contribution of laboratory experiments to the economics of design
applied to the electricity industry. The analysis is dedicated to wholesale markets, and …

The present study demonstrated the use of willingness to pay to value hypothetical new
smoking cessation products. Data came from a baseline survey of participants in a clinical …

Competition in the generation, transmission, and distribution of electricity is of increasing
interest to policy makers as well as to buyers and sellers of power. The use of competition as …

Under very strict assumptions the outcomes that make common auction designs theoretically
attractive can be expected to emerge: goods will go to those who value them most and the …

La Economía experimental comienza con los trabajos de Chamberlain (1948), interesado
en comprobar empíricamente los resultados del modelo neoclásico de oferta y demanda …

Introducción y objetivos: El estudio de las alteraciones de precios por fuera del equilibrio
competitivo ha llevado a concluir que los mercados eléctricos actuales poseen fallos e …

We have recently experienced historic changes in the electric power industry of the United
States and almost all over the world. Deregulation and market competition are being touted …

US electricity markets adopt a two-settlement structure with day-ahead and real-time
markets. Wind power integration poses a challenge for this market structure because day …