Ewa Lazarczyk

Reykjavik University · School of Business

Globalization and the Fourth Industrial Revolution or Industry 4.0 act as shocks on regional labor markets and regional economies. The presence of a digital economy has high spillover effects on regional development, job creation, economic resilience, and sustainability; furthermore, it valuates eco-innovation and the clean economy. We believe that...

Skills needed in jobs and skills mismatches are important topics for research and policy in the field of economic development and the labour market. Understanding skill needs is essential for improving education and training policies, as labour markets experience dynamic transformation driven by rapid technological progress and increased complexity...

The electrification of the global energy systems via renewable resources is seen as a key method of decarbonization but as not all energy demand can be easily electrified new solutions are needed. One of them is hydrogen. Production of green hydrogen requires large amounts of renewables, wind and solar, and water. The transition to a net-zero energ...

This study explores how individuals obtain knowledge, perceive information sources, behave, and form opinions while facing a pandemic at an early stage. We develop a conceptual model linking the predictors of individuals' knowledge with people's behavior and opinions. The model is empirically tested through a large-scale global survey of 15,552 res...

This paper develops a stylized model of cross-border balancing. We distinguish three degrees of cooperation: autarky, reserves exchange and reserves sharing. The model shows that TSO cooperation reduces costs. The gains of cooperation increase with cost asymmetry and decrease with correlation of real-time imbalances. Based on actual market data of...

Wind power generation of electricity has gained popular support because of its low environmental impact and its low costs relative to other renewable energy sources. However, concerns have been raised in the power sector that wind power generation will come at the price of increased damage to other power generators. Wind power generation is natural...

We develop a simple analytical model to derive the first-best market equilibrium for electricity spot and reserve markets under stochastic demand and uncertain renewable electricity generation. We then derive the welfare-optimal provision of reserves. At first-best, cost of reserve capacity is balanced against expected cost of outages. We illustrat...

This paper develops a stylized analytical model that analyses reliability management of multiple TSOs. First we analyse the possibilities for TSO cooperation on reserves dispatch and procurement, with a focus on European network codes. Then we propose a model that theoretically analyses cross-border reserve cooperation. We distinguish two degrees o...

Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare nodal, zonal and discriminatory pricing in general networks with transmission constraints and loop flows. We conclude that in large games with many producers and certain information, the three market designs result in the same eff...

Wind power generation of electricity has gained popular support because of its low environmental impact and because of its low costs relative to other renewable energy sources. However, concerns have been raised in the power sector that wind power generation will come with the price of increased damage to other power generators. Wind power generati...

Anecdotal evidence indicates that electricity producers use production failures to disguise strategic reductions of capacity in order to influence prices, but systematic evidence is lacking. We use a quasi-experimental set up and data from the Swedish energy market to examine such behavior. In a market without strategic withholding, the decision of...

This paper studies the impact of market specific news on the short-time forward premia on the Scandinavian electricity market. I show that the short time premia between the day-ahead and intra-day electricity prices on the Scandinavian market can be explained by the arrival of news specific to the power market. By exploring the types of news I indi...

Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare nodal, zonal and discriminatory pricing in general networks with transmission constraints and loop flows. We conclude that in large games with many producers who are allowed to participate in the real-time market the three market...

Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare nodal, zonal and discriminatory pricing in general networks with transmission constraints and loop flows. We conclude that in large games with many producers who are allowed to participate in the real-time market the three market...