The Political Economy of Long-Term Gener
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Janet Gail Besser; John G. Farr; Susan F. Tierney
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Article
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2002
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Elsevier Science
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English
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## Mechanism is Needed as Part of Standard Market Design In theory, energy and ancillary services markets alone can provide incentives for investment in electricity supplies. However, they can only do this by subjecting consumers to price volatility, price levels, supply shortages, and a level of r