Power generation and transmission are complementary activities that must be coordinated to ensure an optimal use and development of the transmission network. This coordination is today more difficult in a liberalized system, because of unbundling and the freedom for investors to choose their generation technologies (Joskow, 2006). Shorter investment time between generation and network create uncertainty for the network planning and congestions. In the economic literature, the efficiency of anticipating generation investment has been under-evaluated assuming that it is a cost free activity. Our model evaluates the effect of anticipation costs and defines in which cases the previous results by Sauma and Oren (2006, 2007) could still hold.
The European rail sector is experiencing a rapid transformation thanks to digitalisation. At the same time, policymakers and industry stakeholders navigate the challenges of regulation, digitalisation, and fair competition. From [...]
This timely book sheds light on the challenges facing European rail, air and intermodal transport regulation. Considering the impact of developments from digitalization to climate change, expert contributors provide a [...]
Data sharing in transport has been identified as a key enabler of the development of new digital platforms that aggregate services for the benefit of passengers, both services provided by [...]
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