Just Starting Out: Learning and Equilibrium in a New Market
收藏NBER2016-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21996
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资源简介：
We document the evolution of the newly created market for frequency response within the UK electricity system over a six-year period. Firms competed in price while facing considerable initial uncertainty about market demand and rival behavior. We show that over time prices stabilized, converging to
提供机构：
美国国家经济研究局
创建时间：
2016-02-01
