Large-scale wind power transmission presents the power system with several challenges. The determination of the transmission tariff and the cost-sharing issue are potential obstacles which may influence the development of wind power. This paper analyses the incremental cost to the power system...

We present a novel approach to depicting asset pricing dynamics by characterizing shock exposures and prices for alternative investment horizons. We quantify the shock exposures in terms of elasticities that measure the impact of a current shock on future cash-flow growth. The elasticities are...

We present a novel approach to depicting asset pricing dynamics by characterizing shock exposures and prices for alternative investment horizons. We quantify the shock exposures in terms of elasticities that measure the impact of a current shock on future cash-flow growth. The elasticities are...