The goal of this paper is to shed light on the statistical economies scale achievable from sharing storage between multiple renewable generators. To demonstrate these in practice, we present an extensive study using real-world wind data a grid equispaced generators common battery. Each turn contracted meet certain demand profile prescribed level reliability. Interestingly, diversity generation ...

This paper investigates the existence and extent of economies of scale in depository and settlement systems. Evidence from 16 settlement institutions across different regions for the years 1993–2000 indicates the existence of significant economies of scale. The degree of such economies, however, differs by size of settlement institution and region. While smaller settlement service providers rev...

We analyze the dynamics of a game of sequential bidding in the presence of stochastic scale effects in the form of stochastic economies or diseconomies of scale. We show that economies give rise to declining expected equilibrium prices, whereas the converse is not generally true. Moreover, first– and second–price auctions are not always revenue equivalent. Indeed, economies of scale make the se...