Renewable electricity policies promote investment in renewable electricity generators and have become increasingly common around the world. Because of intermittency and the composition of other generators in the power system, the value of certain renewables—particularly wind and solar—varies across locations and technologies. This paper investigates the implications of this heterogeneity for th...

This paper evaluates the opportunity and efficiency to introduce a two-part tariff to coordinate the location of power plants with lumpy transmission investments. Nodal pricing sends the short run component of such a two-part tariff and we study the case where the average participation tariff sends the long run one. We argue that this solution is helpful because the average participation tariff...

Several regulatory authorities worldwide have imposed forward contract obligations on electricity producers as a way to mitigate their market power. In order to understand the e¤ects of such contractual obligations, we introduce forward contracting in a uniform-price auction model with complete information and discrete bids. The model predicts that forward contracts are generally pro-competitiv...

This study analyzes the interaction of agency problems in public policy and of agency problems inside the firm: it investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica’s privatization were designed to promote a dispersed ownership and give managers a high level of discretion in running the company. This effectively created an agency p...

Negotiated settlements are a form of regulation of public utilities that is alternative or complementary to the conventional process of litigation. Since the early 1960s they have been seen primarily as a means of coping with a regulatory backlog and as saving regulatory processing time. More recently legal scholars and practitioners suggest that settlements better serve the needs of the partie...

salt tolerance in crops is multigenic in nature and quantitatively inherited, and therefore controlled by minorgenes. to study the diversity of qtls conferring salt tolerance in barley, four barley mapping populations including l94 × vada (l × v, 103 rils), oregon wolf barley (owb) (dom × rec, 94 dhs), susptrit × vada (su × v, 152 lines), and susptrit × cebada capa (su × cc, 113 lines) were tes...