| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3027 |
| DP3027 Trade Union Objectives and Economic Growth | |
| Andreas Irmen; Berthold Wigger | |
| 发表日期 | 2001-10-23 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity market. The sector's idiosyncrasies such as the uncertainty surrounding future supply and demand, as well as technological constraints, are explicitly modelled. The model is sufficiently flexible to describe the situation in different systems. We derive the level of capacity that maximizes social welfare, and compare it to a decentralized outcome. We show that in the absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and we illustrate these results using simulations. |
| 主题 | Industrial Organization |
| 关键词 | Electricity Capacity Long-run investment Regulation Liberalization |
| URL | https://cepr.org/publications/dp3027 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532051 |
| 推荐引用方式 GB/T 7714 | Andreas Irmen,Berthold Wigger. DP3027 Trade Union Objectives and Economic Growth. 2001. |
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