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impact of these market designs on generation and transmission investment in case those design elements are anticipated upon … and transmission expansion in liberalized electricity markets. In a multi-level structure, our framework takes into … account that generation investment and operation is decided by private investors, while network expansion and redispatch is …
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. We analyze the incentives to undertake transmission network investment in the context of the liberalized Nordic … electricity market. Welfare improving investment in a multinational electricity market requires accounting for the cross …
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