Non-storability and periodiC and stochastic demand fluctuations which characterize the
supply of most public utility goods and services give rise to peak-load pricing problems …

Priority service offers a menu of contingent contracts for distribution of scarce supplies.
Prices inducing customer's efficient self-selection are expectations of spot prices for …

We study the design of extended warranties in a supply chain consisting of a manufacturer
and an independent retailer. The manufacturer produces a single product and sells it …

Resource adequacy challenges in energy-only markets have often led to the adoption of
centralized capacity mechanisms. However, centralized approaches are problematic due to …

Traditional methods for regulating electricity distribution grids have several weaknesses in
terms of incentives, risk allocation, consumer preferences, and the value of reliability. Rate of …

Irrespective of views about equity, social insurance has a major efficiency role. Because of
technical problems in private markets, neither unemployment nor inflation are risks against …

Under current regulatory structures, all consumers receive a uniform, average reliability
regardless of how much they value their electricity service. Distribution companies (DISCOs) …

Testing for compliance with regulation of a negative externality is analyzed in a strategic
framework. The outcome is described where the number tested and the penalties for …