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Balancing supply and demand in energy markets is not an easy task. Competitive markets oblige private actors to justify their investments towards their shareholders by appropriate rates of return. Consequently, electricity markets may lead to under-investm ...
To improve peoples’ living conditions in West African countries national governments have to considerably reinforce the electricity supply infrastructures. Rehabilitation of the existing installations and construction of new power generation facilities and ...
The objective of this article is to present a benchmarking of financial indicators implemented in hydroelectric stochastic risk management models. We present three model formulations using a tree approach for hydroelectric optimization using three procedur ...
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The liberalization of the electricity supply industry has shifted the analyses and modelling activities from planning to operation. However, project studies and investment appraisal still require medium and long-term anticipation of the electricity market ...
This paper analyzes the relation between agency conflicts and risk management. In contrast to previous contributions, our analysis incorporates not only stockholder-debtholder conflicts but also manager – stockholder conflicts. We show that the costs of bo ...
Recent neurophysiological studies reveal that risk and reward are separately encoded in the human brain, and that the encodings display different timing patterns. Therefore, we hypothesized that sensitivity of trading decisions to risk and reward parameter ...
The railway reforms introduced since the nineties tend to spread responsibilities among different actors involved in the management of the railway system. On the other side, the governmental organisations are forced to boost the productivity of their railw ...
We consider a general multi-principal multi-agent contracting game in a complete-information 4supply-chain setting and determine coordinating equilibrium transfer schedules in closed form.The resulting contracts manage to align incentives for decentralized ...
Despite the rigour and ability of game theory to cope with oligopolistic electric markets, it fails to model many existing behaviours in the real-world circumstances. The traditional models such as statistical extrapolation or econometrics are not capable ...
Traditionally, urban water services were characterised by local monopolies, where the incumbent was publicly-owned. This was explained by safety, health, economic, and technological reasons related to the sector's specificities. However, in spite of this, ...