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 …

the underlying trends due to growth - is a major source of perturbations arising from the random fluctuations in prices or …

In this paper we deal with the set of $k$-additive belieffunctions dominating a given capacity. We follow the … initial capacity is a belief function, we find a subfamily of the set of dominating $k$-additive belief functions from which …

This paper extends Kreps and Scheinkman's 1983 result, which shows that a production capacity choice stage followed by … price competition yields the same outcome as a Cournot game, to a setting where capacity costs are asymmetric. …

under weaker conditions, and this even if non-positive prices are considered, or equally that the no-trade interval result …

under weaker conditions and this even if non-positive prices are considered, or equally that the no-trade interval result is …