In a competitive electricity market, nodal pricing is the most efficient way to manage
congestion. Counter-trading is inefficient as it gives the wrong long term signals for entry and …

In this paper, taking rebar steel as an example, we study the causes and influencing factors
of spot price differences in rebar steel in different regions, and put forward a prediction …

A large body of literature has examined the impact of the horizontal market structure on the
tax incidence on consumers. However, the extent to which the vertical market structure …

The allocation of limited transmission resources has considerable impact on investment
incentives in electricity markets. We study the long–term effects of two common network …

Many countries are currently liberalizing their electricity industries. To enhance competition,
most countries separate the transmission sector from the generation sector. The …

This paper derives the socially optimal transmission prices in a congested electricity network
when there is imperfect competition in generation, and when the budget constraint of the …

This article considers cointegration analysis to detect key features of long‐run structure in
the gasoline market. The main purpose of this study is to investigate possible long‐run price …

With a goal of improving the performance of wholesale electricity markets, virtual financial
products have been introduced. Virtual bids are purely financial instruments that may be …

The electricity industry has traditionally been vertically integrated. Individual utilities were
responsible for all the components of electricity supply: production, transmission and …

Concentrating on cointegration analysis, this study aims to detect key features of long-run
price behaviour in the US gasoline market. This research by following Forni (2004) first …