electricity generation in OECD countries that may lead to higher or lower natural gas demand after 2025; and iii) availability of … behavior of market agents, such as when LNG capacity provides ex-ante flexibility (e.g., in Ukraine to hedge for a possible …

We study the relation between operating flexibility and the borrowing costs incurred by a firm financing inventory … investments with debt. We find that flexibility in replenishing or liquidating inventory, by providing risk shifting incentives … the presence of added flexibility in replenishing or partially liquidating inventory, financial covenants fail, but simple …

prices weighted by residual unhedged position which size depends on the shape of customers' portfolio of a given retail …

This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium … productivity and demand shocks have distinct implications for the firms' output and price adjustments. Using panel data on prices … productivity and demand for the labor market and the dispersions of prices and labor productivity. We further analyze the impact of …

Mots-clés de l'autrice: Electricity Markets ; Multi-Stage Stochastic Programming ; Uncertainty Management ; Decision …