In response to the challenges posed by an increasingly decentralized energy system characterized by a high penetration of renewable energy sources, grid operators are experiencing heightened pressure to effectively manage grid congestion. Concurrently, both the European Union as well as the...

We develop a macroeconomic agent-based model to study the role of demand and supply factors in determining inflation dynamics. Local interactions of heterogeneous firms and households in the labor and goods markets characterize the model. Asymmetric information implies that firm selection is...