From the Publisher: What's the solution to the world's growing energy problem? PERFECT POWER. Electric usage is rising. Fuel costs are rocketing. Blackouts are happening more frequently. Why? Because our electrical power system-built on a vast network of resources including nuclear energy,...

In this paper we propose an equilibrium model in order to analyze the impact of electricity market design on generation and transmission expansion in liberalized electricity markets. In a multi-level structure, our framework takes into account that generation investment and operation is decided...