Abstract-Competition has been introduced in the electricity markets with the goal of reducing prices and improving efficiency. The basic idea which stays behind this choice is that, in competitive markets, a greater quantity of the good is exchanged at a lower and a lower price, leading to higher market efficiency.Electricity markets are pretty different from other commodities mainly due to the physical constraints related to the network structure that may impact the market performance. The network structure of the system on which the economic transactions need to be undertaken poses strict physical and operational constraints.Strategic interactions among producers that game the market with the objective of maximizing their producer surplus must be taken into account when modeling competitive electricity markets. The physical constraints, specific of the electricity markets, provide additional opportunity of gaming to the market players. Game theory provides a tool to model such a context. This paper discussed the application of game theory to physical constrained electricity markets with the goal of providing tools for assessing the market performance and pinpointing the critical network constraints that may impact the market efficiency. The basic models of game theory specifically designed to represent the electricity markets will be presented. IEEE30 bus test system of the constrained electricity market will be discussed to show the network impacts on the market performances in presence of strategic bidding behavior of the producers.
This paper investigates the effectiveness of a small experimental pilot addressed to foreign adolescents with low language skills and high dropout risk in lower secondary school in Turin, North-West Italy. The intervention aims at reducing Early School Leaving while supporting standard school curricula. In order to facilitate students’ re-motivation and their attachment to the school environment, the pilot proposes an original VET approach that alternates standard school activities to innovative vocational training. In particular, treated students substitute 290 h VET courses for 10 standard school weeks along a scholastic year. First of all, the analysis aims at evaluating effects on Early School Leaving. Then, since the pilot requires a long period in VET away from school, the study evaluates effects on educational outcomes. Oltre I Muri is a very small pilot experiment, involving seven schools and offering 11 VET positions to migrant students. We investigated the effectiveness of the program by an experimental counterfactual approach: participants have been randomly assigned to a treated and a control group with similar characteristics. They are adolescent migrants attending the 2nd year of lower secondary school and manifesting very high drop-out risk. Treated students attend the alternating VET/school pilot, while control students attend standard school classes. Randomization inference allows assessing average treatment effects, but the very small sample size does not guarantee statistical significance at standard levels. Results anyhow suggests some effectiveness of the project in contrasting Early School Leaving. In particular, while some non-treated students dropped out from school during the pilot, all treated students regularly completed their scholastic year. This can be interpreted as a 20% increase in school attendance, with an 80% confidence level assessed by Montecarlo randomization. Finally, extreme value bound techniques applied to test scores suggest that treated students do not prejudice their learning by attending VET instead of standard school classes during the pilot. On the contrary, their school attachment is reinforced.
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