in this paper, first, a new criterion, titled “surplus percent of the customers” is defined for static transmission expansion planning in restructured power systems. then by a simple example, the new criterion is compared with some already presented market-based criteria and it is shown that the new criterion can realistically evaluate the transmission network expansion from the market view. in...

earnings management has inverted the main objective of financial reporting through the distortion of the actual economic performance of companies and prevented the complete transfer of information to market. given the importance of subject of research, incentives that cause earnings management have been reviewed from various aspects. the main purpose of this research is to examine the relations...

This paper discusses exchange-based spot market trading of electricity in Western Europe, both from a theoretical and an empirical perspective. The theoretical section contains a selection of references to recent and seminal research in this field of research, and touches upon issues such as the dealing with grid constraints, modelling of bidding systems, bidding strategies, types of auctions, ...

We estimate market power in California's thin water market. Market frictions may distort the potential welfare gains from marketing. use a Nash-Cournot model and derive closed-form solution for extent of typical setting. then this to newly assembled dataset on economy. show that, under assumptions Cournot model, is limited.

In this paper, an agent-based structure of the electricity retail market is presented based on which day-ahead (DA) energy procurement for customers is modeled. Here, we focus on operation of only one Retail Energy Provider (REP) agent who purchases energy from DA pool-based wholesale market and offers DA real time tariffs to a group of its customers. As a model of customer response to the offe...