There is an ongoing trend of deregulation and integration of electricity markets in Europe and North America. This change in market structure has naturally affected the interaction between agents and has contributed to an increasing commoditization of electric power. This paper focuses on one...

The growth of intermittent renewable power generation has been drawing attention to the design of balancing markets. Portugal is an interesting case study because wind generation already accounts for a high fraction of demand (23% in 2012-2016), but still there are no economic incentives for...

The Portuguese stock market provides a natural experiment to analyze theories of optimal price per share. The particular characteristics of this market suggest that prices per share should be very low. Using a sample of 20 stocks from the main Portuguese Stock Index (PSI20) in Jan/1999-Jun/2010,...