Blar i Working papers (SNF) på forfatter "Jörnsten, Kurt"
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Allocation of resources in the presence of indivisibilities : Scarf’s problem revisited
Bjørndal, Mette; Jörnsten, Kurt (Working Paper, Working paper, 2004-06)In his article “The Allocation of Resources in the Presence of Indivisibilities,” Scarf points out that the major problem presented to economic theory by the presence of indivisibilities is the impossibility of detecting ... -
An analysis of a combinatorial auction
Bjørndal, Mette; Jörnsten, Kurt (Working Paper, Working paper, 2001-05)Our objective is to find prices on individual items in a combinatorial auction that support the optimal allocation of bundles of items, i.e. the solution to the winner determination problem of the combinatorial auction. ... -
Assessment of the Norwegian transmission : pricing rules by using a modified AC-OPF
Stamtsis, Georgios C.; Bjørndal, Mette; Erlich, István; Jörnsten, Kurt (Working Paper, Working paper, 2004-06)This paper focuses on the combined effects of loss factors and zonal pricing in a system that takes as a starting point the procedures of transmission pricing in the Norwegian power system. It interprets the notion of loss ... -
Cost allocation and pricing in a supply chain : an application for Aumann-Shapley prices
Bjørndal, Mette; Jörnsten, Kurt (Working paper, Working paper, 2004-11)We consider the problem of choosing among different distribution channels for combinations of different products, and how to price, or share the costs under the various alternatives, in an efficient and fair way. The problem ... -
Equilibrium prices supported by dual price functions in markets with non-convexities
Bjørndal, Mette; Jörnsten, Kurt (Working Paper, Working paper, 2004-06)The issue of finding market clearing prices in markets with non-convexities has had a renewed interest due to the deregulation of the electricity sector. In the day-ahead electricity market, equilibrium prices are calculated ... -
Revenue cap regulation in a deregulated electricity market : effects on a grid company
Bjørndal, Mette; Jörnsten, Kurt (Working Paper, Working paper, 2002-08)In 1997 an incentive-based regulation was introduced for Norwegian transmission and distribution companies. Under the following revenue regulation regime, the permissible revenue of a grid company is adjusted annually, and ...