Brunekreeft, Gert; Friedrichsen, Nele - Bremer Energie Institut - 2010
supply industry, although the analysis may apply also to other network industries. In an electricity system, the investment … decisions of network and power plants need to be coordinated. In unbundled markets, firm-internal coordination no longer applies … adopt a three-stage profit-optimized investment model, with a (regulated) monopoly network and two asymmetrical Cournot …