in order to improve the reliability of the power system, sufficient amount of new capacity should be installed in the network. usually generation units’ payoff in an energy market is not adequate to cover their expenses. therefore, energy only market cannot induce investors to invest in generation field. due to energy only market inefficiency, a supplementary algorithm is suggested to cover the...

This study focuses on one of the most effective type of capacity markets named Capacity Subscription (CS) market which is predicted to be widely used in the upcoming smart grids. Despite variant researches done about the mechanism and structure of capacity markets, their performances have been rarely tested in the presence of network constraints. Considering this deficiency, we tried to propose...

This paper investigates the market structure of the payment card market with consumers and merchants basing their subscription decisions on various information sets. We find that the market structure depends crucially on this information set, where we observe that a market with few cards dominating only emerges when decisions are based on very limited information. For more complete information ...

I present a model of dynamic pricing and diffusion of a network good sold by a monopolist. In the model, the network good is a subscription social network good. This means that in each period, each consumer has to pay a subscription price to use the good, and the utility derived from subscribing to the good increases as more of her neighboring consumers subscribe. Consumers myopically optimize ...

The move from traditional to open-access journals—which charge no subscription fees, only submission fees—is gaining support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this boosts readership) make submission decisions. This leads to a hold-up problem, manifested as excessive subscri...

We analyze a model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this boosts readership) make submission decisions. A hold-up problem arises, manifested as excessive subscription fees. Open access is a crude attempt to avoid hold up by eliminating subscription fees. We assess the profitability and efficiency of traditional relative t...

In this paper capacity withholding in an oligopolistic electricity market that all Generation Companies (GenCos) bid in a Cournot model is analyzed and the capacity withheld index, the capacity distortion index and the price distortion index are obtained and formulated. Then a new index, Distortion-Withheld Index (DWI), is proposed in order to measure the potential ability of market for capacit...

Should a …rm charge on a per-use basis or sell subscriptions when its service experiences congestion? Queueing-based models of pricing primarily focus on charging a fee per use of the service, in part because per-use pricing enables the …rm to regulate congestion raising the per-use price naturally reduces how frequently customers use a service. The …rm has less control over usage with subscrip...