Electricity reform in Europe

towards a single energy market

Eds. Jean-Michel Glachant, François Lévêque. The realization of a European internal market for energy is still a work in progress. Written by leading European scholars and discussed with major energy stakeholders, this book presents a thorough analysis of the motives and methods needed to achieve ...

Competition in european electricity markets

a cross-country comparison

The economics of contracts

theories and applications

A contract is an agreement under which two parties make reciprocal commitments in terms of their behavior to coordinate. As this concept has become essential to economics in the last 30 years, three main theoretical frameworks have emerged: 'incentive theory', 'incomplete- contract theory' and 'transaction-costs ...