In this article, we extend the application of cooperative game theory to the so-called low-risk puzzle. Specifically, we apply concepts that consider hierarchies on the assets in the allocation of portfolio risk. These hierarchies have not previously been considered in portfolio risk allocation...

Liberalisation and decarbonisation have transformed energy system coordination from internal engineering to a complex economic and digital challenge. Liberalisation replaced vertically integrated utilities with fragmented interactions among transmission operators, distribution operators,...

Cooperatives are seen as the bedrock of democratic control and an alternative to capitalist enterprises but also as sites of ‘degeneration’ of democratic values and hopes. In this article, the authors conceptualize that cooperatives are a prime example of a paradoxical organization, which...