Author:
de Souza Waldemar,Campani Carlos Heitor,Bohl Martin,Palazzi Rafael,de Oliveira Felipe
Abstract
Purpose
This study aims to formulate a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.
Design/methodology/approach
This exploratory study formulates a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.
Findings
The results show a positive economic outcome for the creation of the Brazilian futures electricity market.
Originality/value
The main feature in this work is to summarize a framework to set up the Brazilian electricity futures market applying mechanism design, applicable in other countries. The features of the mechanism are the space of expected results (Z), the strategies to survey the environmental space (θ) and the mechanism design – messages space (M).
Subject
Strategy and Management,General Energy
Reference37 articles.
1. The application of cash-flow-at-risk to risk management in a deregulated electricity market;Human and Ecological Risk Assessment: An International Journal,2009
2. ASX (2019), “Australian futures and options markets”, available at: www.asx.com.au/products/energy-derivatives/australian-electricity.htm (accessed 11 April 2019).
3. Using forward markets to improve electricity market design;Utilities Policy,2010
4. Forecast errors and efficiency in the US electricity futures market;Australian Economic Papers,2001
5. Equilibrium pricing and optimal hedging in electricity forward markets;The Journal of Finance,2002
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献