Economics and Design of Capacity Markets for the Power Sector

  • Cramton P
  • Ockenfels A
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Abstract

… Limited demand response makes market clearing problematic in times of scarcity. We present the economic motivation for a capacity market, present one specific market design that …

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Cramton, P., & Ockenfels, A. (2016). Economics and Design of Capacity Markets for the Power Sector (pp. 191–212). https://doi.org/10.1007/978-3-658-12726-8_13

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