Publications

2025

• Grimm V., Grübel J., Schmidt M., Schwartz A., Wiertz AK., Zöttl G.:
  On a tractable single-level reformulation of a multilevel model of the European entry-exit gas market with market power
  In: Journal of Global Optimization 91 (2025), p. 953-985
  ISSN: 0925-5001
  DOI: 10.1007/s10898-025-01475-8
• Grimm V., Grübel J., Schmidt M., Schwartz A., Wiertz AK., Zöttl G.:
  Publisher Correction: On a tractable single-level reformulation of a multilevel model of the European entry-exit gas market with market power (Journal of Global Optimization, (2025), 91, 4, (953-985), 10.1007/s10898-025-01475-8)
  In: Journal of Global Optimization (2025)
  ISSN: 0925-5001
  DOI: 10.1007/s10898-025-01498-1

2024

• Grimm V., Oechsle L., Zöttl G.:
  Stromgestehungskosten von Erneuerbaren sind kein guter Indikator für zukünftige Stromkosten
  In: Wirtschaftsdienst 104 (2024), p. 387-394
  ISSN: 0043-6275
  DOI: 10.2478/wd-2024-0104
• Oggioni G., Schwartz A., Wiertz AK., Zöttl G.:
  Dynamic pricing and strategic retailers in the energy sector: A multi-leader-follower approach
  In: European Journal of Operational Research 312 (2024), p. 255-272
  ISSN: 0377-2217

2023

• Beckmann M., Zöttl G., Grimm V., Becker T., Schober M., Zipse O.:
  Setting the Course for Net Zero: Translating Climate Science into Political and Corporate Targets
  Springer International Publishing, 2023
  ISBN: 9783031422249
  DOI: 10.1007/978-3-031-42224-9_2
• Beckmann M., Zöttl G., Grimm V., Becker T., Schober M., Zipse O.:
  Setting the Course for Net Zero. Translating Climate Science into Political and Corporate Targets.
  In: Oliver Zipse, Joachim Hornegger, Thomas Becker, Markus Beckmann, Michael Bengsch, Irene Feige, Markus Schober (ed.): Road to Net Zero. Strategic Pathways for Sustainability-Driven Business Transformation., Cham: Springer, 2023, p. 17-59
  ISBN: 9783031422232
• Bärmann A., Gemander P., Merkert M., Wiertz AK., Zaragoza Martínez FJ.:
  Algorithms for the clique problem with multiple-choice constraints under a series–parallel dependency graph
  In: Discrete Applied Mathematics 324 (2023), p. 145-166
  ISSN: 0166-218X
  DOI: 10.1016/j.dam.2022.09.015
• Grimm V., Grübel J., Schmidt M., Schwartz A., Zöttl G., Wiertz AK.:
  On a Tractable Single-Level Reformulation of a Multilevel Model of the European Entry-Exit Gas Market with Market Power
  (2023)
  URL: https://optimization-online.org/?p=24743
  (Working Paper)
• Runge P., Sölch C., Albert J., Wasserscheid P., Zöttl G., Grimm V.:
  Economic comparison of electric fuels for heavy duty mobility produced at excellent global sites-a 2035 scenario
  In: Applied Energy (2023)
  ISSN: 0306-2619
  DOI: 10.1016/j.apenergy.2023.121379
  URL: https://www.sciencedirect.com/science/article/abs/pii/S0306261923007432
  (Working Paper)

2022

• Biefel C., Liers F., Rolfes J., Schewe L., Zöttl G.:
  Robust Market Equilibria under Uncertain Cost
  In: European Journal of Operational Research 302 (2022), p. 1230-1241
  ISSN: 0377-2217
  DOI: 10.1016/j.ejor.2022.02.030
  URL: https://opus4.kobv.de/opus4-trr154/frontdoor/index/index/searchtype/latest/docId/417/start/0/rows/10
• Egerer J., Grimm V., Grübel J., Zöttl G.:
  Long-run market equilibria in coupled energy sectors: A study of uniqueness
  In: European Journal of Operational Research 303 (2022), p. 1335-1354
  ISSN: 0377-2217
  DOI: 10.1016/j.ejor.2022.03.028
• Grimm V., Martin A., Sölch C., Weibelzahl M., Zöttl G.:
  Market-based Redispatch May Result in Inefficient Dispatch
  In: Energy Journal 43 (2022)
  ISSN: 0195-6574
  DOI: 10.5547/01956574.43.5.csol
  URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=3884
  (Working Paper)
• Grimm V., Sölch C., Zöttl G.:
  Emissions reduction in a second-best world: On the long-term effects of overlapping regulations
  In: Energy Economics 109 (2022), Article No.: 105829
  ISSN: 0140-9883
  DOI: 10.1016/j.eneco.2022.105829
  URL: https://www.sciencedirect.com/science/article/pii/S0140988322000196
• Schwab J., Sölch C., Zöttl G.:
  Electric Vehicle Cost in 2035: The impact of market penetration and charging strategies
  In: Energy Economics 114 (2022), Article No.: 106263
  ISSN: 0140-9883
  DOI: 10.1016/j.eneco.2022.106263

2021

• Ambrosius M., Grimm V., Rückel B., Sölch C., Zöttl G.:
  Data Documentation for the German Electricity Market Used for the Calibration of the GATE Model - NDP 2030 (Version 2017)
  (2021)
  DOI: 10.2139/ssrn.3832880
  URL: https://ssrn.com/abstract=3832880
  (Techreport)
• Bohlayer M., Bürger A., Fleschutz M., Braun M., Zöttl G.:
  Multi-period investment pathways - Modeling approaches to design distributed energy systems under uncertainty
  In: Applied Energy 285 (2021)
  ISSN: 0306-2619
  DOI: 10.1016/j.apenergy.2020.116368
• Egerer J., Grimm V., Kleinert T., Schmidt M., Zöttl G.:
  The Impact of Neighboring Markets on Renewable Locations, Transmission Expansion, and Generation Investment
  In: European Journal of Operational Research 292 (2021), p. 696 - 713
  ISSN: 0377-2217
  DOI: 10.1016/j.ejor.2020.10.055
  URL: https://www.sciencedirect.com/science/article/abs/pii/S0377221720309486
• Grimm V., Hintermüller M., Huber O., Schewe L., Schmidt M., Zöttl G.:
  A PDE-Constrained Generalized Nash Equilibrium Approach for Modeling Gas Markets with Transport
  (2021)
  URL: https://opus4.kobv.de/opus4-trr154/frontdoor/index/index/start/14/rows/10/sortfield/score/sortorder/desc/searchtype/simple/query/zöttl/docId/458
  (Working Paper)
• Grimm V., Nowak D., Schewe L., Schmidt M., Schwartz A., Zöttl G.:
  A tractable multi-leader multi-follower peak-load-pricing model with strategic interaction
  In: Mathematical Programming (2021)
  ISSN: 0025-5610
  DOI: 10.1007/s10107-021-01708-0
• Grimm V., Rückel B., Sölch C., Zöttl G.:
  The Impact of Market Design on Transmission and Generation Investment in Electricity Markets
  In: Energy Economics 93 (2021), Article No.: 104934
  ISSN: 0140-9883
  DOI: 10.1016/j.eneco.2020.104934
  (Working Paper)
• Oggioni G., Schwartz A., Zöttl G., Wiertz AK.:
  Retailer Competition
  (2021)
  URL: https://opus4.kobv.de/opus4-trr154/frontdoor/index/index/start/10/rows/10/sortfield/score/sortorder/desc/searchtype/simple/query/zöttl/docId/455
  (Working Paper)
• Waldow F., Schnaubelt M., Krauss C., Fischer T.:
  Machine Learning in Futures Markets
  In: Journal of Risk and Financial Management 14 (2021)
  ISSN: 1911-8066
  DOI: 10.3390/jrfm14030119
• Zöttl G.:
  Emission trading systems and the optimal technology mix
  In: SERIEs : Journal of the Spanish Economic Association (2021)
  ISSN: 1869-4187
  DOI: 10.1007/s13209-021-00233-9

2020

• Ambrosius M., Grimm V., Kleinert T., Liers F., Schmidt M., Zöttl G.:
  Endogenous Price Zones and Investment Incentives in Electricity Markets: An Application of Multilevel Optimization with Graph Partitioning
  In: Energy Economics (2020)
  ISSN: 0140-9883
  DOI: 10.1016/j.eneco.2020.104879
  URL: https://www.sciencedirect.com/science/article/pii/S014098832030219X?via=ihub
• Bohlayer M., Markus F., Braun M., Zöttl G.:
  Energy-intense production-inventory planning with participation in sequential energy markets
  In: Applied Energy (2020)
  ISSN: 0306-2619
  DOI: 10.1016/j.apenergy.2019.113954
• Bürger A., Bohlayer M., Hoffmann S., Altmann-Dieses A., Braun M., Diehl M.:
  A whole-year simulation study on nonlinear mixed-integer model predictive control for a thermal energy supply system with multi-use components
  In: Applied Energy 258 (2020), Article No.: 114064
  ISSN: 0306-2619
  DOI: 10.1016/j.apenergy.2019.114064
• Grimm V., Grübel J., Rückel B., Sölch C., Zöttl G.:
  Storage investment and network expansion in distribution networks: The impact of regulatory frameworks
  In: Applied Energy 262 (2020)
  ISSN: 0306-2619
  DOI: 10.1016/j.apenergy.2019.114017
• Grimm V., Orlinskaya G., Schewe L., Schmidt M., Zöttl G.:
  Optimal design of retailer-prosumer electricity tariffs using bilevel optimization
  In: Omega-International Journal of Management Science (2020), Article No.: 102327
  ISSN: 0305-0483
  DOI: 10.1016/j.omega.2020.102327

2019

• Ambrosius M., Grimm V., Rückel B., Sölch C., Zöttl G.:
  Data Documentation for the German Electricity Market used for the calibration of the GATE Model - NDP 2025 (Version 2015)
  (2019)
  DOI: 10.2139/ssrn.3365830
  URL: https://ssrn.com/abstract=3365830
  (Techreport)
• Grimm V., Grübel J., Schewe L., Schmidt M., Zöttl G.:
  Nonconvex Equilibrium Models for Gas Market Analysis: Failure of Standard Techniques and Alternative Modeling Approaches
  In: European Journal of Operational Research 273 (2019), p. 1097-1108
  ISSN: 0377-2217
  DOI: 10.1016/j.ejor.2018.09.016
  URL: https://www.sciencedirect.com/science/article/abs/pii/S0377221718307768
• Grimm V., Kleinert T., Liers F., Schmidt M., Zöttl G.:
  Optimal price zones in electricity markets: a mixed-integer multilevel model and global solution approaches
  In: Optimization Methods & Software 34 (2019), p. 406-436
  ISSN: 1055-6788
  DOI: 10.1080/10556788.2017.1401069
  URL: https://www.tandfonline.com/doi/abs/10.1080/10556788.2017.1401069?journalCode=goms20
• Grimm V., Orlinskaya G., Schewe L., Schmidt M., Zöttl G.:
  Optimal Design of Retailer-Prosumer Electricity Tariffs Using Bilevel Optimization
  (2019)
  DOI: 10.1016/j.omega.2020.102327
  URL: http://www.optimization-online.org/DB_HTML/2019/07/7297.html
  (Techreport)
• Grimm V., Rückel B., Sölch C., Zöttl G.:
  Regionally Differentiated Network Fees to Affect Incentives for Generation Investment
  In: Energy 177 (2019), p. 487-502
  ISSN: 0360-5442
  DOI: 10.1016/j.energy.2019.04.035
  (Working Paper)
• Grimm V., Schewe L., Schmidt M., Zöttl G.:
  A multilevel model of the European entry-exit gas market
  In: Mathematical Methods of Operations Research 89 (2019), p. 223–255
  ISSN: 1432-2994
  DOI: 10.1007/s00186-018-0647-z
• Runge P., Sölch C., Albert J., Wasserscheid P., Zöttl G., Grimm V.:
  Economic comparison of different electric fuels for energy scenarios in 2035
  In: Applied Energy 233-234 (2019), p. 1078 - 1093
  ISSN: 0306-2619
  DOI: 10.1016/j.apenergy.2018.10.023

2018

• Ambrosius M., Grimm V., Sölch C., Zöttl G.:
  Investment Incentives For Flexible Demand Options Under Different Market Designs
  In: Energy Policy (2018), p. 372 - 389
  ISSN: 0301-4215
  DOI: 10.1016/j.enpol.2018.01.059
• Bohlayer M., Markus F., Braun M., Zöttl G.:
  Demand side management and the participation in consecutive energy markets – A multistage stochastic optimization approach
  In: 15th International Conference on the European Energy Market (EEM) (Lodz, 27/06/18 - 29/06/18), 2018, p. 1-5
  DOI: 10.1109/EEM.2018.8469912
• Bohlayer M., Zöttl G.:
  Low-Grade Waste Heat Integration in Distributed Energy Generation Systems - An Economic Optimization Approach
  In: Energy 159 (2018), p. 327-343
  ISSN: 0360-5442
  DOI: 10.1016/j.energy.2018.06.095

2017

• Grimm V., Ambrosius M., Rückel B., Sölch C., Zöttl G.:
  Modellierung von liberalisierten Strommärkten – Herausforderungen und Lösungen
  In: Perspektiven der Wirtschaftspolitik 18 (2017), p. 2 - 31
  ISSN: 1465-6493
  DOI: 10.1515/pwp-2017-0001
• Grimm V., Schewe L., Schmidt M., Zöttl G.:
  Uniqueness of market equilibrium on a network: A peak-load pricing approach
  In: European Journal of Operational Research 261 (2017), p. 971 - 983
  ISSN: 0377-2217
  DOI: 10.1016/j.ejor.2017.03.036
  URL: http://www.optimization-online.org/DB_HTML/2015/08/5072.html
• Grimm V., Zöttl G., Sölch C.:
  Regionalkomponenten bei der EE-Vergütung. Gutachten im Auftrag der Monopolkommission in Vorbereitung des 77. Sondergutachtens "Energie 2017" der Monopolkommission
  (2017)
  URL: http://www.wirtschaftstheorie.wiso.uni-erlangen.de/wp-content/uploads/2017/10/20170810_Studie_RegionalkomponentenEE_mitAnhang.pdf
  (Gutachten)
• Stoll S., Zöttl G.:
  Transparency in Buyer-Determined Auctions: Should Quality be Private or Public?
  In: Production and Operations Management 26 (2017), p. 2006-2032
  ISSN: 1059-1478

2016

• Ambrosius M., Grimm V., Sölch C., Zöttl G.:
  Investment incentives for flexible energy consumption in the industry
  13th International Conference on the European Energy Market (EEM) (Porto, 6. June 2016 - 9. June 2016)
  In: IEEE (ed.): 2016 13th International Conference on the European Energy Market (EEM) 2016
  DOI: 10.1109/EEM.2016.7521234
• Grimm V., Martin A., Schmidt M., Weibelzahl M., Zöttl G.:
  Transmission and generation investment in electricity markets: The effect of market splitting and network fee regimes
  In: European Journal of Operational Research 254 (2016), p. 493-509
  ISSN: 0377-2217
  DOI: 10.1016/j.ejor.2016.03.044
  URL: http://www.optimization-online.org/DB_HTML/2015/03/4803.html
• Grimm V., Martin A., Weibelzahl M., Zöttl G.:
  On the long run effects of market splitting: Why more price zones might decrease welfare
  In: Energy Policy 94 (2016), p. 453-467
  ISSN: 0301-4215
  DOI: 10.1016/j.enpol.2015.11.010
• Grimm V., Rückel B., Sölch C., Zöttl G.:
  Zur Reduktion des Netzausbaubedarfs durch Redispatch und effizientes Engpassmanagement: Eine modellbasierte Abschätzung
  In: List Forum für Wirtschafts- und Finanzpolitik 41 (2016), p. 465-498
  ISSN: 0937-0862
  DOI: 10.1007/s41025-016-0027-5
• Grimm V., Zöttl G., Ambrosius M., Rückel B., Sölch C.:
  Dezentralität und zellulare Optimierung - Auswirkungen auf den Netzausbaubedarf. (Gutachten im Auftrag der N-Ergie AG, gemeinsam mit der Prognos AG)
  (2016)
  URL: https://www.fau.de/files/2016/10/Energiestudie_Studie.pdf
  (Gutachten)

2015

• Grimm V., Zöttl G.:
  Investitionsanreize im Strommarkt der Zukunft
  In: Wolfgang Lemb (ed.): Welche Industrie wollen wir? Nachhaltig produzieren - zukunftsorientiert wachsen, Frankfurt am Main: Campus, 2015
  ISBN: 978-3-593-50473-5
• Grimm V., Zöttl G., Rückel B., Sölch C.:
  Regionale Preiskomponenten im Strommarkt. Gutachten im Auftrag der Monopolkommission in Vorbereitung des 71. Sondergutachtens "Energie 2015" der Monopolkommission
  (2015)
  URL: http://www.wirtschaftstheorie.wiso.uni-erlangen.de/wp-content/uploads/2016/02/gutachten_regionale-preiskomponenten07.10.15.pdf
  (Gutachten)

2013

• Grimm V., Zöttl G.:
  Investment Incentives and Electricity Spot Market Competition
  In: Journal of Economics & Management Strategy 22 (2013), p. 832-851
  ISSN: 1058-6407
  DOI: 10.1111/jems.12029

2011

• Zöttl G.:
  Emmission Trading Systems and the Optimal Technology Mix
  (2011)
  (Working Paper)
• Zöttl G.:
  On Optimal Scarcity Prices
  In: International Journal of Industrial Organization 29 (2011), p. 589-605
  ISSN: 0167-7187

2010

• Grimm V., Zöttl G.:
  Investment decisions in liberalized electricity markets: the impact of market design
  In: Wolfgang Franz, Werner Güth, Hans J. Ramser, Manfred Stadler (ed.): Wirtschaftswissenschaftliches Seminar Ottobeuren, Tübingen: Mohr Siebeck, 2010, p. 51-69
• Grimm V., Zöttl G.:
  Price Regulation under Demand Uncertainty
  In: B E Journal of Theoretical Economics 10 (2010), p. 589-605
  ISSN: 1935-1704
  DOI: 10.2202/1935-1704.1626
  URL: http://www.bepress.com/cgi/viewcontent.cgi?article=1626&context=bejte
• Zöttl G.:
  A Framework of Peak Load Pricing with Strategic Firms
  In: Operations Research 58 (2010), p. 1637-1649
  ISSN: 0030-364X

2008

• Grimm V., Ockenfels A., Zöttl G.:
  Ein Vergleich ausgewählter europäischer Strombörsen
  In: Zeitschrift für Energiewirtschaft 32 (2008), p. 162–170
  ISSN: 0343-5377
  DOI: 10.1007/s12398-008-0021-6
  URL: http://www.springerlink.com/index/10.1007/s12398-008-0021-6
• Grimm V., Ockenfels A., Zöttl G.:
  Strommarktdesign: Zur Ausgestaltung der Auktionsregeln an der EEX
  In: Zeitschrift für Energiewirtschaft 32 (2008), p. 147–161
  ISSN: 0343-5377
  DOI: 10.1007/s12398-008-0020-7
  URL: http://www.springerlink.com/content/h3671k13l011l5x5/
• Ockenfels A., Grimm V., Zöttl G.:
  Strommarktdesign – Preisbildungsmechanismus im Auktionsverfahren für Stromstundenkontrakte an der EEX
  (2008)
  (Gutachten)

2005

• Grimm V., Zöttl G.:
  Access to Commitment Devices Reduces Investment Incentives in Oligopoly
  (2005)
  (Working Paper)
• Grimm V., Zöttl G.:
  Strategic Capacity Choice under Uncertainty: The Impact of Market Structure on Investment and Welfare
  (2005)
  (Working Paper)