The introduction of a market mechanism for labour is, however, likely to exacerbate class tensions between workers and management.
In its Tuesday statement, North Korea indicated that the removal of an American nuclear threat meant the removal of South Korea from the American nuclear umbrella, the introduction of a verification mechanism to ensure that no American atomic weapons are deployed in or pass through South Korea, and even simultaneous nuclear disarmament talks among "all nuclear states," including itself.
The stormy exit of Mr. Juncker on Friday over announcing the agreement cast an unwelcome cloud over the introduction of a bailout mechanism that is meant to be a European equivalent of the I.M.F., and that is supposed to help Europe finally turn a difficult page.
The introduction of a capacity mechanism should come as an optional supplement to wholesale and ancillary markets improvements.
Yet, even in the Green Paper, the introduction of a capacity mechanism in the form of a capacity reserve is deemed necessary, at least for a transition period.
"In particular, we believe the introduction of a capacity mechanism will make the British energy sector highly inefficient, costing consumers many billions in unnecessary cost".
For the purpose of the discussion, it is therefore important to distinguish whether the introduction of a capacity mechanism in general (of whatever design) or a specific capacity market is under consideration.
Then, we propose a coordination game based on the introduction of a pricing mechanism that exploits the backhaul link to enable the exchange of parameters (prices) among FAP's.
An innovative feature of this research is that although the critical role of stakeholders in the successful introduction of a financing mechanism which is based on the VCF concept is often mentioned in the literature, to the best of our knowledge, there are not any comprehensive attempts so far to integrate them to the VCF decision making process.
In both Figures9 and10, the advantage of the statistical approach with respect to the case where there is no knowledge is considerable and by comparing the two figures it is evident the performance gain due to the introduction of a pricing mechanism.
