This Website uses cookies. By using this website you are agreeing to our use of cookies and to the terms and conditions listed in our data protection policy. Read more

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…
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…