In accounting, all capital expenditures are subject to depreciation, including quarries and sites used for landfill but exclude land as it has an unlimited useful life and therefore is not depreciated. Under the Malaysian Financial Reporting Standard (MFRS) 116, depreciation is defined as the ...
forward contract; nodal pricing; Cournot; market power; market structure1. Introduction In recent years, many countries have undergone electricity market restructuring in order to achieve competitive pricing and maximize welfare. Despite the significant resources invested in this process, market power has...