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Open versus closed loop capacity equilibria in electricity markets under perfect and oligopolistic competition - The case of asymmetric electricity generation firms
Wogrin, Sonja; Hobbs, Benjamin F.; Ralph, Daniel; Centeno Gonzalez, Jóse; Barquín Gil, JuliánIn this paper we consider cost asymmetry of generation companies when comparing open and closed loop equilibrium models of the generation capacity expansion problem in liberalized electricity markets. We show that under ...