In this novel contribution, the authors Massimiliano Caporin (Department of Statistics, University of Padua), Fulvio Fontini (Department of Economics and Management, University of Padua) and Roberto Panzica (European Commission, Joint Research Centre) analyse the evolution of the systemic risk
Authors:Marco Buso - Department of Economics and Management, University of PaduaLuciano Greco - Department of Economics and Management, University of Padua Government tasks can be delegated to the same or different agents. Agents have financial constraints, and the government's contractual capacity
This paper, published in 'The Energy Journal', investigates the existence and magnitude of consumers switching costs – namely, time-based and cognitive-based costs on consumers changing providers – in the Italian residential electricity market. Such costs may lead to consumer inertia in making
The digitization of power system represents one of the main instruments to achieve affordable energy transition. During the last years, such innovation process has been associated with the Smart Grid (SG). Marta Castellini (Università degli Studi di Brescia), Francesco Menoncin (Università degli
Reliability Options are capacity remuneration mechanisms aimed at enhancing security of supply in electricity systems. They can be framed as call options on electricity sold by power producers to System Operators. This paper, written by prof. Fulvio Fontini and his co-authors, provides a comprehensive mathematical treatment of Reliability Options.
