Cambridge Working Papers in Economics (CWPE)
About this collection
Cambridge Working Papers in Economics (CWPE) is a new series of papers from the Faculty of Economics and the Department of Applied Economics. It supersedes the DAE Working Paper series.
Please note the Working Papers often represent early stages in the presentation of research findings, and should not be quoted without permission.
(c) All rights reserved.
(Faculty of Economics, 2019-08-05)Focusing on the foreign exchange reaction to macroeconomic announcements, we show that fast trading is positively and significantly correlated with the entropy of the distribution of quoted prices in reaction to news: a ...
(Faculty of Economics, 2019-07-29)Decarbonising electricity is a critical first step in mitigating climate damage but low/zero-carbon generation is very capital intensive. Its cost depends critically on the weighted average cost of capital (WACC). Three ...
A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped Storage (Faculty of Economics, 2019-07-16)We present a well calibrated unit commitment and economic dispatch model of the GB electricity market and applied it to the economic analysis of the four existing hydro pumped storage (PS) stations in GB. We found that ...
(Faculty of Economics, 2019-07-09)Capacity mechanisms are increasingly used in electricity market design around the world yet their role remains hotly debated. In this paper, we introduce a new benchmark model of a capacity mechanism in a competitive ...