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A dynamic incentive mechanism for transmission expansion in electricity networks: theory, modeling and application
(Centro de Investigación y Docencia Económicas, División de Economía, 2008)
This paper examines the Hogan-Rosellón-Vogelsang (2007) (HRV) incentive mechanism for transmission expansion, and tests it for different network topologies. This new mechanism is based upon redefining transmission output ...
Quasi-rents and pricing gas in Mexico
(Centro de Investigación y Docencia Económicas, División de Economía, 2008)
In 1997, the Comisión Reguladora de Energía of Mexico implemented a netback rule for linking the Mexican natural gas price to the Texas price. At the time, the Texas price reflected a reasonably competitive market. Since ...
Lumpy investment in regulated natural gas pipelines: an application of the theory of the second best
(Centro de Investigación y Docencia Económicas, División de Economía, 2008)
We address investment in regulated natural gas pipelines when investment is lumpy and the demand for gas is stochastic. This is a problem that can be solved in theory as a dynamic program, but a practical solution depends ...