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The world's first multinational electricity market was formed with the creation of the Nordic power exchange, Nord Pool. We analyze the incentives to undertake transmission network investment in the context of the liberalized Nordic electricity market. Welfare improving investment in a...
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countries is self-enforcing. It is shown that there always exists a rather small stable tax coalition. For some subset of the … parameter space the grand coalition may be stable as well, even if the total number of countries is large. The small stable … coalition is not very effective in mitigating the inefficiency of the non-cooperative Nash equilibrium. The ineffectiveness is …
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of countries is self-enforcing. It is shown that there always exists a rather small stable tax coalition. For some subset … of the parameter space the grand coalition may be stable as well, even if the total number of countries is large. The … small stable coalition is not very effec- tive in mitigating the inefficiency of the non-cooperative Nash equilibrium. The …
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value of a coalition-based on the best or worst roommate in the coalition. In all cases, we determine the complexity of …
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