Power Market Seams and the Role of Arbitragers in Market Design
Michael Giberson For class tomorrow I’m reading up on things Enron and California power market melt-down related. I’m a fan, for example, of Jonathan Falk’s 2002 article in the Electricity Journal on the infamous “Smoking Gun” memo which detailed Enron’s colorfully-named trading strategies like “get shorty” and “death star.” Among other things, Falk points out …
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