Sunderkötter, Malte; Ziegler, Daniel; Weber, Christoph - 2013
. In this article, we analyze the impact of market imperfections induced by risk-aversion on the long-term investment … portfolio structure in the market. We show that risk-averse electricity market agents who receive a managerial profit share may … shift the technology structure in the market significantly away from the welfare optimum. A numerical example provides …