Dear all,
you're invited to the next seminar in Probability and Finance, that will take place on Friday 28th October, at 11.30, in hybrid mode at the Mathematics Department of the University of Padova.
More details:
* Speaker: René Aïd (Paris Dauphine)
* Date and time: 28th October 2022, 11.30
* Room (Torre Archimede): 2BC30
* Zoom link: please find it at https://www.math.unipd.it/~bianchi/seminari/
* Title:
A model of optimal incentives for renewable investments
* Abstract:
We analyze the optimal regulatory incentives to foster the development of non-emissive electricity generation when the demand for power is served either by a monopoly or by two competing firms. The regulator wishes to encourage renewable investments to limit carbon emissions, while simultaneously reducing intermittency of the total energy production. We provide the expression of the optimal contract for each market structure. We show how the market structure affects the complexity of the optimal incentive mechanism.
A joint work with Annika Kemper and Nizar Touzi.
See you soon, thanks,
Giorgia Callegaro