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Bringing in Liquidity and Transparency when the Power Sector is Consolidated: The Duty to Trade on the Power Exchange
Review of Economics and Institutions
View Archive Info| Field | Value | |
| Title |
Bringing in Liquidity and Transparency when the Power Sector is Consolidated: The Duty to Trade on the Power Exchange
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| Creator |
Swora, Mariusz
Kamiński, Jacek; Mineral and Energy Economy Research Institute of the Polish Academy of Sciences |
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| Subject |
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market failure, transparency, power exchange k23 |
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| Description |
The present model analyses how the state would provide services when the change of power depends upon the performance of the state. Agents can evaluate state performance based either only on the receipt of government services, or both on the benefit from government services and taxes imposed. With a credible threat of power change, if the valuation of the government services is low, along with a low fiscal capacity, then it is less probable that this service would be provided. Furthermore, such an allocation is compared with a situation, when there exists a threat of active opposition. Interestingly, that threat does not change the optimum provisioning of government services (as compared to the previous situation) in the equilibrium.
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| Publisher |
University of Perugia
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| Contributor |
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| Date |
2017-05-22
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.rei.unipg.it/rei/article/view/248
10.5202/rei.v8i1.248 |
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| Source |
Review of Economics and Institutions; Vol 8, No 1 (2017); 29
2038-1379 2038-1344 |
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| Language |
eng
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| Relation |
http://www.rei.unipg.it/rei/article/view/248/175
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| Rights |
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