Motivated by conversations with practitioners, this experimental paper considers (1) the production decisions (e.g., late stage Rejection, production by In-House Capacity, and production by Unauthorized Capacity) of a capacity constrained Supplier who faces a portfolio of different Buyer firms...

Liberalized electricity markets often include resource adequacy mechanisms that require consumers to contract with generation resources well in advance of real-time operations. While administratively defined mechanisms have most commonly taken the form of a capacity obligation, efficient markets...