This paper examines a normal form game of network formation due to Myerson (Game theory: analysis of conflict, Harvard University Press, Cambridge, 1991). All players simultaneously announce the links they wish to form. ...

The allocation of costs of a transmission system to its users is still a pending problem in many electric sector market regulations. This paper contributes with a new allocation method among the electric market participants. ...

Recent financial crises posed a number of questions. The most salient were related to the cogency of derivatives and other sophisticated hedging instruments. One claim is that all those instruments rely heavily on the ...