Imperfect Markets and Imperfect Regulation is popular PDF and ePub book, written by Thomas-Olivier Leautier in 2019-03-19, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Imperfect Markets and Imperfect Regulation can be Read Online from any device for your convenience.
Imperfect Markets and Imperfect Regulation Book PDF Summary
The first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy. The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier Léautier presents the model in its simplest form, and introduces additional features as different issues are presented. The book covers all segments of electricity markets: electricity generation, under perfect and imperfect competition; retail competition and demand response; transmission pricing, transmission congestion management, and transmission constraints; and the current policy issues arising from the entry of renewables into the market and capacity mechanisms. Combining anecdotes and analysis of real situations with rigorous analytical modeling, each chapter analyzes one specific issue, first presenting findings in nontechnical terms accessible to policy practitioners and graduate students in management or public policy and then presenting a more mathematical analytical exposition for students and researchers specializing in the economics of electricity markets and for those who want to understand and apply the underlying models.
Detail Book of Imperfect Markets and Imperfect Regulation PDF
- Author : Thomas-Olivier Leautier
- Release : 19 March 2019
- Publisher : MIT Press
- ISBN : 9780262039284
- Genre : Business & Economics
- Total Page : 413 pages
- Language : English
- PDF File Size : 21,9 Mb
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