Contracting for the second best in dysfunctional electricity markets [electronic resource] / Arina Nikandrova, Jevgenijs Steinbuks.

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Bibliographic Details
Online Access: Full Text (via Open Knowledge Repository)
Main Author: Nikandrova, Arina
Corporate Author: World Bank. Development Research Group. Environment and Energy Team
Other Authors: Steinbuks, Jevgenijs
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : World Bank, 2014.
Series:Policy research working papers ; 6955.
Subjects:

MARC

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100 1 |a Nikandrova, Arina.  |0 http://id.loc.gov/authorities/names/no2015040265  |1 http://isni.org/isni/0000000447394924 
245 1 0 |a Contracting for the second best in dysfunctional electricity markets  |h [electronic resource] /  |c Arina Nikandrova, Jevgenijs Steinbuks. 
260 |a [Washington, D.C.] :  |b World Bank,  |c 2014. 
300 |a 1 online resource (40 pages) :  |b color illustrations. 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a Policy research working paper ;  |v 6955 
500 |a "June 2014." 
500 |a "World Bank, Development Research Group, Environment and Energy Team." 
504 |a Includes bibliographical references (pages 34-38). 
520 3 |a Power pools constitute a set of sometimes complex institutional arrangements for efficiency-enhancing coordination among power systems. Where such institutional arrangements do not exist, there still can be scope for voluntary electricity-sharing agreements among power systems. This paper uses a particular type of efficient risk-sharing model with limited commitment to demonstrate that second-best coordination improvements can be achieved with low to moderate risks of participants leaving the agreement. In the absence of an impartial market operator who can observe fluctuations in connected power systems, establishing quasi-markets for trading excess electricity through the kind of mechanism described here helps achieve sustainable cooperation in mutually beneficial electricity sharing. 
588 0 |a Online resource; title from pdf title page (Worldbank.org Web site, viewed March 26, 2015). 
650 0 |a Electric power systems.  |0 http://id.loc.gov/authorities/subjects/sh85041921 
650 0 |a Electric utilities  |x Costs.  |0 http://id.loc.gov/authorities/subjects/sh85042023 
650 7 |a Electric power systems.  |2 fast  |0 (OCoLC)fst00905529 
650 7 |a Electric utilities  |x Costs.  |2 fast  |0 (OCoLC)fst00905993 
700 1 |a Steinbuks, Jevgenijs.  |0 http://id.loc.gov/authorities/names/no2012114472  |1 http://isni.org/isni/0000000376947009 
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830 0 |a Policy research working papers ;  |v 6955.  |0 http://id.loc.gov/authorities/names/n92033588 
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