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Completed Projects

Market power and forward prices
The authors construct a model of strategic behavior in sequential markets which exhibits a persistent forward price premium. Purchasers are willing to pay a premium for forward contracts because produ…
Keith Ruddell
Nuclear capacity auctions
This research paper proposes nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly designed auction would (1) allocate the license to the most effic…
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