Grimm, Veronika; Zöttl, Gregor - Volkswirtschaftliche Fakultät, … - 2010
non-storability of electricity. While spot market design under those conditions by now is well understood, a rigorous … fluctuating (and possibly uncertain) demand. We study how the degree of spot market competition affects investment incentives and … welfare and provide an application of the model to electricity market data. Our results show that more competitive spot market …