Allcott, Hunt - National Bureau of Economic Research (NBER) - 2012
counterfactual bid functions. This routine is nested as the second stage of a static entry game that models the Capacity Market, an … predictions from short run models, while decreasing Capacity Market prices and total entry. Second, although the increased demand … relative to forestalled entry. Third, I find that the gross welfare gains from moving a typical consumer to the Smart Grid …