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January 2022 - present
December 2021 - present
Publications
Publications (6)
The maritime transport sector (MTS) has been impacted by the coronavirus 2019 pandemic, with significant disruptions to shipping and maritime activity along established transport routes. This paper examines the impacts of the pandemic on the MTS, at the global and African levels, and discusses what Africa’s priorities for its MTS should be in the p...
Foreclosure through raising a network rival’s costs may not be detrimental in the short-term, but in the longer-term it may allow a predator to expand its market share. The focus of antitrust opinion in assessing potential vertical mergers should therefore be on the longer-term effects of such mergers.
We develop rules for pricing and capacity choice for an interruptible service that recognize the interdependence between consumers’
perceptions of system reliability and their market behavior. Consumers post ex ante demands, based on their expectations on aggregate demand. Posted demands are met if ex post supply capacity is sufficient. However, if...
This paper proposes a pricing framework that combines the occurrence of supply interruptions with financial compensations. Consumers post ex ante demands for a designated period. These demands are met if ex post supply capacity is sufficient. However, when supply is inadequate, all ex ante demands will be equi-proportionally rationed with compensat...
Incentive-based load management (LM) offers consumers explicit in-centives as compensation for the right to interrupt supplies whenever the stability of a power system is threatened. The proper design of such schemes however requires that a number of fundamental issues be first addressed, principal amongst which are: (1) How consumer demands will c...
When the NETA Arrangements were introduced on the UK wholesale electricity market in March 2001, it was probably not intended that the new arrangements should precipitate a change in the then existing market structure. Nevertheless, that is exactly what happened. During the following decade, the UK electricity industry evolved from one having a hor...