This paper proposes a support mechanism for energy storage devices for island power systems where intermittent renewable generation is rapidly growing. We base our proposal on the maturity level of storage devices (Chen and al., 2009) and on the linear model for the development of innovations...

This paper provides a model of the market for news where profit-maximizing media outlets choose their editors from a population of rational citizens. The analysis identifies a novel mechanism of media bias: the bias in a media outlet's news reports is the result of the slanted endogenous...

The adoption of network codes is a crucial step towards the conclusion of the internal energy market by the Creation-Date 2014. This paper aims to assess the availability of judicial review in the multi-stage procedure established by the Electricity and Gas Regulations. In this respect, it first...

This paper, based on cross-regional empirical research, provides an integrated analytical framework for understanding the emergence of populism in seemingly different political contexts in both Europe (including Greece, France and the Netherlands) and Latin America (including Peru and...

In recent Creation-Dates tax havens and offshore financial centres have come under increasing political pressure to cooperate with other countries in matters of taxation and efforts to crowd back tax evasion and avoidance. As a result many tax havens have signed tax information exchange...

Thanks to "smart grids", consumers will gradually become active players in electricity markets, especially by voluntarily decreasing their consumption when receiving scarcity messages from the market operator. For a fast and efficient transition to a more dynamic industry, the regulatory and...

In this paper we show that free entry decisions may be socially ineffcient, even in a perfectly competitive homogeneous goods market with non-lumpy investments. In our model, inefficient entry decisions are the result of risk-aversion of incumbent producers and consumers, combined with...

This paper proposes a set of VaR models appropriate to capture the dynamics of energy prices and subsequently quantify energy price risk by calculating VaR and ES measures. Amongst the competing VaR methodologies evaluated in this paper, besides the commonly used benchmark models, a MC...

Over the past two decades, much scholarship has theorized about how highly personalized news media might change the public sphere. But even as algorithmic content filtering has become widespread, social science research has lagged in understanding how such systems work, and how they have altered...

This paper covers the analysis of the energy markets, emerging trends, oil price evolution and oil shocks and focus on the identification of the major energy game changers. Furthermore the issues of the energy security in the XXI century are introduced and discussed within the framework of...