We characterize optimal IPO design in the presence of distinct adverse selection problems: one affecting the IPO stage and one arising in the after-market. Allocating shares to an investor with superior information in the ...
This paper addresses the market design implications of implementing ultra high (up to 42%) wind energy penetration in an isolated market. High wind penetration is becoming an increasing feature of many markets and the ...
Objective. To evaluate the role of health plan benefit design and price on consumers' decisions to purchase health insurance in the nongroup market and their choice of plan.
Data Sources and Study Setting. Administrative ...
The deregulation of electricity industries has generally separated the provision of generation from its subsequent transmission. However, the physical nature of electricity generation and delivery creates special problems ...
Cotter, John(Financial Services Research Forum, 1997)
his paper applies an event study methodology to 22 Irish equities between 1990-1995. A recursive-sample methodology is used to account for informational flows. The research design allows risk to vary in event time testing ...
Trade execution is concerned with the actual mechanics of buying or selling the desired amount of a financial instrument. Investors wishing to execute large orders face a tradeoff between market impact and opportunity cost. ...
This article highlights and demonstrates the new requirements variable and partly unpredictable wind power will bring to unit commitment and power system operations.
Current practice is described and contrasted against ...
The problems and challenges addressed in the Commission's White Paper on "Growth, Competitiveness, Employment" affects the peripheral member states acutely, and in a way that differs considerably from how the richer, more ...
Bredin, Donal; Muckley, Cal(University College Dublin. School of Business. Centre for Financial Markets, 2009)
The European Union's Emissions Trading Scheme (ETS) is the key policy instrument of the European Commission's Climate Change Program aimed at reducing greenhouse gas emissions to eight percent below 1990 levels by 2012. A ...