Research

Journal Articles

Khanal, S., Graf, C., Liang, Z., Dvorkin, Y., and Ünel, B. (2024). Multi-Objective Transmission Expansion: An Offshore Wind Power Integration Case Study. IEEE Transactions on Energy Markets, Policy and Regulation.
doi | bibtex | arXiv link | github link
Graf, C., Kuppelwieser, T., and Wozabal, D. (2024). Frequent Auctions for Intraday Electricity Markets. The Energy Journal, Volume 45(1): 231–256.
doi | bibtex | open access link
Graf, C., Zobernig, V., Schmidt, J., and Klöckl, C. (2024). Computational Performance of Deep Reinforcement Learning to find Nash Equilibria. Computational Economics, Volume 63: 529–576.
doi | bibtex | arXiv link | github link
Graf, C., Rosselló-Nadal, J., Andreu Sansó-Rosselló, A. (2023). Is Daylight Saving Time worth it in tourist regions? Tourism Management Perspectives, Volume 45: 101068.
doi | bibtex
Graf, C., Quaglia, F., and Wolak, F. A. (2021). (Machine) learning from the COVID-19 lockdown about electricity market performance with a large share of renewables. Journal of Environmental Economics and Management, Volume 105: 102398.
doi | open access link | bibtex
Verde, S. F., Graf, C., and Jong, T. (2019). Installation entries and exits in the EU ETS: Patterns and the delay effect of closure provisions. Energy Economics, Volume 78: 508–524.
doi | open access link | bibtex
Graf, C. and Marcantonini, C. (2017). Renewable energy and its impact on thermal generation. Energy Economics, Volume 66: 421–430.
doi | open access link | bibtex
Wozabal, D., Graf, C., and Hirschmann, D. (2016). The effect of intermittent renewables on the electricity price variance. OR Spectrum, Volume 38(3): 687–709.
doi | open access link | bibtex
Graf, C. and Wirl, F. (2014). Corporate social responsibility: a strategic and profitable response to entry? Journal of Business Economics, Volume 84(7): 917–927.
doi | open access link | bibtex
Graf, C. and Six, M. (2014). The effect of information on the quality of decisions. Central European Journal of Operations Research, Volume 22(4): 647–662.
doi | bibtex
Graf, C. and Wozabal, D. (2013). Measuring competitiveness of the EPEX spot market for electricity. Energy Policy, Volume 62: 948–958.
doi | open access link | bibtex
Graf, C., Vetschera, R., and Zhang, Y. (2013). Parameters of social preference functions: measurement and external validity. Theory and Decision, Volume 74(3): 357–382.
doi | bibtex

Working Papers

Graf, C. and Wolak, F. A. (2020). Measuring the Ability to Exercise Unilateral Market Power in Locational-Pricing Markets: An Application to the Italian Electricity Market. Conditionally accepted at RAND
open access link
Graf, C., Quaglia, F., La Pera, E., and Wolak, F. A. (2021). Market Power Mitigation Mechanisms for Wholesale Electricity Markets: Status Quo and Challenges.
open access link
Graf, C., Quaglia, F., and Wolak, F. A. (2020). Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy.
NBER | open access link
Graf, C., Quaglia, F., and Wolak, F. A. (2020). Market Performance Assessment in Locational Markets with Non-Convexities.
open access link
Graf, C., Huppmann, D., and Ortner, A. (2013). Efficient reserve capacity prices in electricity balancing markets with long-term contracts.

Other Publications

Wozabal, D., Graf, C., and Hirschmann, D. (2013). Renewable Energy and its Impact on Power Markets. In: Handbook of Risk Management for Energy Production and Trading (Kovacevic, Pflug, and Vespucci; Eds.), International Series in Operations Research and Management Science, Volume 199, Springer. 283–311.
doi | bibtex
Ortner, A. and Graf, C. (2013). Multi-market unit-commitment and capacity reserve prices in systems with a large share of hydro power: A case study. in 10th International Conference on the European Energy Market (EEM). IEEE, pp. 1–8.
doi | bibtex

Selected Talks and Presentations

Seminar, Johns Hopkins University, Environmental Health and Engineering, November 2023. Electricity Markets in Transition.
Seminar, Bocconi University, Centre for Research on Geography, Resources, Environment, Energy and Networks (GREEN), November 2022. Simplified Market Mechanisms with Significant Intermittent Renewable Capacity: Evidence from Italy.
13th Toulouse Conference on The Economics of Energy and Climate, Toulouse University, June 2022. Simplified Market Mechanisms for Non-Convex Markets: Evidence from Italian Electricity Market.
Lunch Seminar, Mines Paristech, May 2022. Measuring the Ability to Exercise Unilateral Market Power in Locational-Pricing Markets: An Application to the Italian Electricity Market.
Tenth Mannheim Conference on Energy and the Environment, ZEW Mannheim, May 2022. Measuring the Ability to Exercise Unilateral Market Power in Locational-Pricing Markets: An Application to the Italian Electricity Market.
The Economics of Energy Markets and Energy Access, University of Chicago (EPIC), April 2022. Market Performance Assessment in Locational Markets with Non-Convexities.
NBER Industrial Organization Program Meeting, Spring 2022, Stanford University, February 2022. Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy.
2021 MaCCI Annual Conference, ZEW Mannheim, March 2021. Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy.
ASSA Annual Meeting 2021 (Paper Session, Public Utilities), Virtual, January 2021. Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy.
29th European Conference on Operational Research (EURO), Universitat de València, Valencia, Spain, July 2018. Market clearing and best response bidding in the Italian power market.
Workshop in Economics of Environment, Energy and Climate, Peking University, Beijing, China. June 2017. Renewable energy and its impact on thermal generation.
Energy Economics Seminar, Renmin University of China, Beijing, China. June 2017. Renewable energy and its impact on thermal generation.
1st AIEE Energy Symposium, The University of Milan-Bicocca, Milan, Italy, December 2016. Renewable energy and its impact on thermal generation.
7th Atlantic Workshop on Energy and Environmental Economics, Economics for Energy, A Toxa (Galicia), Spain. June 2016. Renewable energy and its impact on thermal generation.
Mannheim Energy Conference 2016, Centre for European Economic Research (ZEW), Mannheim, Germany. May 2016. Renewable energy and its impact on thermal generation.
4th Annual Conference of the Italian Association of Environmental and Resource Economists (IAERE), Bologna, Italy. February 2016. Renewable energy intermittency and its impact on thermal generation.
3rd Annual Conference of the Italian Association of Environmental and Resource Economists (IAERE), Padua, Italy. February 2015. Corporate social responsibility: a strategic and profitable response to entry?
37th International Association of Energy Economics (IAEE) International Conference, New York City, United States. June 2014. The effect of intermittent renewables on the electricity price variance.
11th International Conference on Computational Management Science (CMS), University of Lisbon, Lisbon, Portugal. May 2014. The effect of intermittent renewables on the electricity price variance.
3rd International PhD-Day of the Austrian Association of Energy Economics (AAEE), Student Chapter 2014, Linz, Austria. April 2014. The effect of intermittent renewables on the electricity price variance.
Cologne International Energy Summer (CIES), Institute of Energy Economics at the University of Cologne (ewi), Cologne, Germany. July 2013. Measuring Competitiveness of the EPEX Spot Market for Electricity.
Mannheim Energy Conference 2013, Centre for European Economic Research (ZEW), Mannheim, Germany. June 2013. Multi-market unit-commitment and capacity reserve prices in systems with a large share of hydro power: a case study.
10th International Conference on the European Energy Market, KTH Royal Institute of Technology, Stockholm, Sweden. May 2013. Multi-market unit-commitment and capacity reserve prices in systems with a large share of hydro power: a case study.
4th Workshop on Energy and CO2 Markets, University of Valencia, Valencia, Spain. February 2013. On the Efficiency of the EPEX Day-Ahead Spot Market.
University meets Public, Volkshochschule Floridsdorf, Vienna, Austria. November 2012. The Austrian Electricity Market.
14th Centre for Competition and Regulatory Policy (CCRP) Workshop, Vienna University of Economics and Business, Vienna, Austria. July 2012. On the Efficiency of the EPEX Day-Ahead Spot Market.
Mannheim Energy Conference 2012, Centre for European Economic Research (ZEW), Mannheim, Germany. June 2012. On the Efficiency of the EPEX Day-Ahead Spot Market.
9th International Conference on the European Energy Market, European University Institute (EUI), Florence, Italy. May 2012. On the Efficiency of the EPEX Day-Ahead Spot Market.
5th Austrian Workshop on Empirical Industrial Organization, Austrian Institute of Economic Research (WIFO), Vienna, Austria. March 2012. On the Efficiency of the EPEX Day-Ahead Spot Market.
Game Theory and Society Conference, ETH Zurich, Zurich, Switzerland, July 2011. Parameters of social preference functions: Measurement and external validity.
8th International Conference on Computational Management Science (CMS), University of Neuchatel, Neuchatel, Switzerland, April 2011. Information Sets and Relations.

Referee Services

Applied Energy, Economics Letters, Energy Economics, The Energy Journal, Energy Policy, IEEE Transactions on Energy Markets, Policy and Regulation, IEEE Transactions on Power Systems, International Journal of Industrial Organization, Journal of the European Economic Association, OR Spectrum, RAND Journal of Economics, Utilities Policy

Community Services

2017–2018: Head of the Austrian Scientists in North America (ASciNA) Bay-Area Chapter (link).
2014–2015: Head of the Vienna Energy Group (VEG) which I founded in 2014. Purpose of the group is to connect Viennese Energy Economists/Scientists (link).