We build a balance sheet-based model to capture run risk, i.e., a reduced potential to raise capital from liquidity buffers under stress, driven by depositor scrutiny and further fuelled by fire sales in response to withdrawals. The setup is inspired by the Silicon Valley Bank (SVB) meltdown in...

We build a balance sheet-based model to capture run risk, i.e., a reduced potential to raise capital from liquidity buffers under stress, driven by depositor scrutiny and further fuelled by fire sales in response to withdrawals. The setup is inspired by the Silicon Valley Bank (SVB) meltdown in...

This supplemental appendix accompanies "Optimal Electricity Distribution Pricing under Risk and High Photovoltaics Penetration" by the same authors, available at:http://ssrn.com/abstract=3701852. This appendix contains the proof of theorems omitted in the main text