Electricity markets face a substantial amount of uncertainty. Traditionally this uncertainty has been due to varying demand. With the integration of larger proportions of volatile renewable energy, this added uncertainty from generation must also be faced. Conventional electricity market designs cope with uncertainty by running two markets: a day ahead or pre-dispatch market that is cleared ahe...

This paper attempts to study the usage of the GATT/WTO dispute settlement mechanism and to explain its patterns across different regimes and decades, using a unified theoretical model. This study first explores the role of the degree of legal controversy over a panel ruling in determining countries’ incentives to block/appeal a panel report under the GATT/WTO regime. The model is able to explai...

The aim of the present numerical study was to analyse pressure settlement behaviour and bearing capacity asymmetric plus shaped footing resting on loose sand overlying dense at varying embedment depth. investigation carried out using ABAQUS software. effect depth embedment, friction angle upper lower layer thickness studied in this investigation. Further, comparison results made between symmetr...

I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the players' valuation is assumed to be private information. The feasibility of a contract that divides the go...

Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...

Processes occurring early in the life stages of corals can greatly influence the demography of coral populations, and successful settlement of coral larvae that leads to recruitment is a critical life history stage for coral reef ecosystems. Although corals in Singapore persist in one the world's most anthropogenically impacted reef systems, our understanding of the role of coral settlement in ...

Both ecological and social factors play an important role in determining the structure of animal settlement patterns. While the ecological factors determining animal settlement are generally well known, the relative importance of social factors in mediating fine-scale settlement choices is poorly understood. As a result, we have little knowledge of why individuals choose to settle near specific...

Settlement size predicts extreme variation in the rates and magnitudes of many social and ecological processes in human societies. Yet, the factors that drive human settlement-size variation remain poorly understood. Size variation among economically integrated settlements tends to be heavy tailed such that the smallest settlements are extremely common and the largest settlements extremely larg...

The problem of estimating the settlement of shallow foundations on granular soils is very complex and not yet entirely understood. The geotechnical literature has included many formulae that are based on several theoretical or experimental methods to obtain an accurate, or near-accurate, prediction of such settlement. However, these methods fail to achieve consistent success in relation to accu...