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Capacity Expansion in Non-Regulated Electricity Marketsby: A. Ehrenmann, Y. Smeers
System Sciences, 2006. HICSS '06. Proceedings of the 39th Annual Hawaii International Conference on, Vol. 10 (2006), pp. 243c-243c.
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AbstractInvestment in new generation is not well understood in a deregulated environment. While 20 years of literature focused on capacity expansion in a regulated world it is only since 2001 that researchers examine the gaming aspect of investment in electricity generation. The natural representation of a capacity expansion game has two stages: first to determine the capacity and to choose the production afterwards. In some cases one stage games can be used to replace two stage games. In most cases they cant.
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