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 …

, electricity and natural gas would be 1594.84 million tones, 720.69 million tones, 1395754 GWh and 137169.1 million cu …

, electricity and natural gas would be 1594.84 million tones, 720.69 million tones, 1395754 GWh and 137169.1 million cu …

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. …

This paper uses the E-simulate model of electricity generation to estimate how much the stacking order of different … results feature that 27 Mton of CO<SUB align="right"><SMALL>2</SMALL></SUB>/year can be abated at carbon prices around e25/ton … at carbon prices around e40/ton (in that case, the carbon price triggers fuel-switching during the whole year), and that …

conventional oil, natural gas and natural gas liquids (NGL). The supply figures show how petroleum quantities vary with production … costs over time. Five resource quality categories, distinguishable according to production costs, are used in the estimation … that petroleum in the FSU is abundant and can be produced economically. In addition, production costs are found to decrease …