TY  - BOOK
AU  - Finon,Dominique
AU  -  Defeuilley,Christophe
AU  -  Marty,Frédéric
TI  - Price Signals and Long-Term Equilibrium: Re-Thinking Organizational Forms in Electricity Markets
PY  - 2013///.
							
N1  - 25
N2  - The decentralised electricity market model illustrates several market flaws in the linkage between short-term and long-term decisions. Because of highly specific problems of risk management and market incompleteness, the model does not allow effective allocation of investment in base-load and peak-load capacities leading to an optimal generation system. This makes it necessary to (1) establish regulations to provide a credible basis for remunerating generation capacity, so as to create incentives for investment in peak-load units; (2) accept vertical arrangements enabling operators to share risk with consumers, even if these arrangements constitute market imperfections that will constrain competition
UR  - https://shs.cairn.info/journal-economie-et-prevision-1-2011-1-page-81?lang=en&redirect-ssocas=7080
ER  -