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Contracting with Endogenously Incomplete Commitment: Escape Clauses
We study mechanism design under endogenously incomplete commitment as it arises in contracting with escape clauses. An escape clause permits the agent to end a contractual relationship under specified…
Working Paper
Publish date 5/28/2021
JAQ of All Trades: Job Mismatch, Firm Productivity and Managerial Quality
Does the matching between workers and jobs help explain productivity differentials across firms? To address this question we develop a job-worker allocation quality measure (JAQ) by combining employer…
Working Paper
Publish date 4/1/2022
Affiliated Researcher
Sweden's Energy Investment Challenge
Sweden faces a major challenge in the next decades because of a projected increase in electricity demand, aging supply infrastructure and the transition to an energy system with a substantial share of…
Working Paper
Publish date 2/24/2021
Strategic Reserves versus Market-Wide Capacity Mechanisms
Many electricity markets use capacity mechanisms to support generation owners. Capacity payments can mitigate imperfections associated with “missing money” in the spot market and solve transitory capa…
Working Paper
Publish date 4/6/2021
National Transmission System Operators in an International Electricity Market
This paper develops a framework for analyzing the incentives of national transmission system operators (TSOs) to supply cross-border interconnection capacity in an international electricity market. Ou…
Working Paper
Publish date 6/21/2021
A Survey Comparing Centralized and Decentralized Electricity Markets
This paper surveys the literature relevant for comparing centralized and decentralized wholesale electricity markets. Under a centralized design, producers submit detailed cost data to the system oper…
Journal Article
Publish date 2/4/2022
En elmarknad med enhetliga priser för förbrukning
The Swedish electricity market was partitioned into four bidding zones in 2011. The purpose was to facilitate congestion management necessitated by transmission capacity constraints in the north-south…
Report
Publish date 12/13/2021
IFN Researcher
Affiliated Researcher
IFN Researcher
IFN Researcher
IFN Researcher
IFN Researcher