The complexity of electricity markets calls for rich and flexible modeling techniques that help to understand market dynamics and to derive advice for the design of appropriate regulatory frameworks. Agent-Based Computational Economics (ACE) is a fairly young research paradigm that offers...

This paper discusses the use of agent-based simulation models for regulatory advice in electricity market regulation. It briefly introduces the necessary procedures and the state-of-the-art of the methodology, and outlines its possible range of application. In a second part, the paper presents...

This open access book provides a broad range of insights on market engineering and information management. It covers topics like auctions, stock markets, electricity markets, the sharing economy, information and emotions in markets, smart decision-making in cities and other systems, and...

Roland Berger, Clemens Fuest, Hans-Werner Sinn, Christoph Theis und Peter-Alexander Wacker stellen ihre Vorschläge für eine neue Strategie in der Energiepolitik vor, die beim Jahrestreffen der Gesellschaft zur Förderung der wirtschaftswissenschaftlichen Forschung (Freunde des ifo Instituts)...

Decentralized systems seeking to balance electricity supply and demand regionally are increasingly being discussed. Regional flexibility concepts, however, require spatially and temporally highly resolved knowledge. To provide this, we investigate the 2030 demand, supply, and demand-side...

This article systematically compares 26 different scenarios of climate-friendly energy systems, aiming at a reduction of CO emissions of at least 90% for Germany in 2050. Technical strategies in terms of technology or energy carrier mixes in the end-use sectors industry, buildings, and transport...

Veronika Grimm, Technische Universität Nürnberg, und Axel Ockenfels, Max-Planck-Institut zur Erforschung von Gemeinschaftsgütern, Bonn, kritisieren das aktuelle Strommarktdesign in Deutschland, das durch staatliche Eingriffe und fehlende Anpassungen an ein dezentrales Stromsystem ineffizient...