Baake, Pio; Schwenen, Sebastian; von Hirschhausen, Christian - In: The Journal of Industrial Economics 71 (2023) 3, pp. 855-882
In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long‐distance transmission lines. Recently, decentralized local energy markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and...