In many cases, collusive agreements are formed by asymmetric firms and include only a subset of the firms active in the cartelized industry. This paper endogenizes the process of cartel formation in a numeric simulation model where firms differ in marginal costs and production technologies. The...

In a previous paper, we have introduced a simulation and optimization framework for the integration of renewable generators into an electrical distribution network. The framework searches for the optimal size and location of the distributed renewable generation units (DG). Uncertainties in...