We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity … the level of capacity that maximizes social welfare, and compare it to a decentralized outcome. We show that in the … absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and …

capacity investments, utilization, and emissions in US electricity markets. Using a two-stage stochastic programming approach …This paper investigates how uncertainties related to natural gas prices and potential climate policies may influence … natural gas prices, highlighting the important role of uncertainty quantification in future research. The paper also …

current status and future trends of the technology employed, examining at the same time energy production and availability …-land, making wind farms more productive with higher capacity factors. On the other hand, although offshore wind energy is not in …

pricing or production. OPEC’s (more specifically, Saudi Arabia’s) ideal policy is to keep price moderate to try to assure a … market for their high reserves over the long run. Such an action would require heavy investments in capacity, including in … excess capacity, for times of interruption of supply from other countries as in the 1990s and for times of high demand as in …

a model in which facilities can produce output at a privately known cost up to a previously-determined capacity level …. In such a model, the amount of slack in the firm is shown to be pro-cyclical. Indeed, as capacity constraints become … capacity. …

power structure via the Shapley value. Due to ample production capacities in Central Asia, I observe little strategic …