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- Publisher
- Emerald Publishing
- Copyright
- © Emerald Publishing Limited
- ISSN
- 1750-6220
- DOI
- 10.1108/ijesm-04-2019-0011
- Publisher site
- See Article on Publisher Site
Abstract
This study aims to formulate a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.Design/methodology/approachThis exploratory study formulates a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.FindingsThe results show a positive economic outcome for the creation of the Brazilian futures electricity market.Originality/valueThe main feature in this work is to summarize a framework to set up the Brazilian electricity futures market applying mechanism design, applicable in other countries. The features of the mechanism are the space of expected results (Z), the strategies to survey the environmental space (θ) and the mechanism design – messages space (M).
Journal
International Journal of Energy Sector Management – Emerald Publishing
Published: Jul 29, 2021
Keywords: Mechanism design; Brazil; Economic preconditions; Electricity futures market; Agent’s expectations and perceptions