{"product_id":"capacity-mechanisms-in-electricity-markets-an-experimental-study-using-system-dynamics-modeling-von-david-lara-arango","title":"Capacity mechanisms in electricity markets","description":"\u003cp\u003eAt the first years of electricity markets deregulation, the academic discussion was first oriented to discuss the short-term market efficiency and competitiveness. Now, after more than twenty years, the issue of the long-term security of supply has become increasingly relevant. A number of authors have used simulations and laboratory experiments to study capacity mechanisms in order to address this issue. This work explores the rationality of individuals¿ decisions in a set of pilot experimental system dynamics based models to test capacity mechanisms in electricity markets. Specifically, this work compares one market-oriented mechanism with an interventionist mechanism to see which one of them represents an improvement in terms of market profitability and stability.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783659625640\"\u003e\u003ch3\u003eAn experimental study using system dynamics modeling\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783659625640","offer_id":39432277688413,"sku":"9783659625640","price":39.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/5b3950a4-ec62-4b33-a385-8195db427a0a.jpg?v=1774679969","url":"https:\/\/shop.autorenwelt.de\/en\/products\/capacity-mechanisms-in-electricity-markets-an-experimental-study-using-system-dynamics-modeling-von-david-lara-arango","provider":"Autorenwelt Shop","version":"1.0","type":"link"}