A real options approach to generation capacity expansion in imperfectly competitive electricity markets

Mathematics

• Availability 10%
• Business 21%
• Capacity Expansion 100%
• Demand 39%
• Demand Uncertainty 18%
• Doubling 10%
• Electricity 13%
• Electricity Market 97%
• Expand 10%
• Fluctuations 9%
• Framework 5%
• Incentive Mechanism 20%
• Market 59%
• Model 3%
• Real Options 97%
• Time-varying 9%
• Trigger 40%

Business & Economics

• Capacity Expansion 72%
• Demand Uncertainty 15%
• Electricity Market 57%
• Electricity Price 16%
• Fluctuations 15%
• Incentive Mechanism 17%
• Market Power 27%
• Market Price 12%
• Market Share 11%
• Payment 10%
• Power Market 35%
• Price-taking 20%
• Rationing 18%
• Real Options 58%
• Time-varying 13%
• Trigger 39%

Engineering & Materials Science

• Availability 13%
• Electricity 14%
• Power markets 61%
• Uncertainty 12%