Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 10th Sept 2026, 07:07:12pm CEST (Norway)
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Daily Overview |
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Designing efficient policies: energy markets and renewable resources Location: Lab 2 Session Chair: Iivo Vehviläinen, Aalto University | |
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Designing Price Control: Theory and Evidence 1: Tilburg University, Netherlands; 2: Aalto University, Finland Uniform price trading, common in exchanges, is a flawed market design when demand is built by private selection into price-sensitive and insensitive technologies. We develop a price-capping mechanism leveraging aggregate bid schedules to buy and sell to maximize surplus within a uniform price setting. The resulting dynamic cap adjusts with demand changes, corrects technology choices, is robust to strategic bidding, and integrates into market-clearing routines. A demonstration shows it could have reduced electricity costs by €$3.36$ billion over $1,103$ hours in France during the energy crisis of 2022-23. | |