Investment dynamics in electricity markets

DOI10.1007/s00199-009-0508-3zbMath1229.91143OpenAlexW2074425893MaRDI QIDQ623443

Ennio Stacchetti, Alfredo Daniel Garcia

Publication date: 14 February 2011

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-009-0508-3

zbMATH Keywords

Markov perfect equilibriumuniform price auctionsecurity of supplyinvestment in capacityprice cap

Mathematics Subject Classification ID

Noncooperative games (91A10) Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26) Dynamic stochastic general equilibrium theory (91B51)

Related Items (2)

The impact of lead time on capital investments ⋮ Price caps, oligopoly, and entry

Cites Work

• Capital as a commitment: Strategic investment to deter mobility
• Efficiency and marginal cost pricing in dynamic competitive markets with friction
• On Price Caps Under Uncertainty
• Architecture of Power Markets

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