{"entities":{"Q623443":{"pageid":625219,"ns":120,"title":"Item:Q623443","lastrevid":63266649,"modified":"2026-04-11T11:43:45Z","type":"item","id":"Q623443","labels":{"en":{"language":"en","value":"Investment dynamics in electricity markets"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 5851491"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$55DEEE67-9FE0-4838-BF94-075F9BB5A2E8","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"5415899a11fbff8b67c881a6a62e1cf33eecc3fd","datavalue":{"value":{"text":"Investment dynamics in electricity markets","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q623443$0395C6CF-A093-461A-AD69-C7114C7E406E","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"936364a737a594bf3e81fce88adfef7762879f8a","datavalue":{"value":"1229.91143","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$C41E2682-EF11-458B-AAE1-48869492C455","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"988949f81918ff14860da36df6154875221753af","datavalue":{"value":{"entity-type":"item","numeric-id":623442,"id":"Q623442"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$996E951D-C164-49E8-9F71-42246295B6A5","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"d4cd59bc575d94b62713805c3ad0c404fa5459fb","datavalue":{"value":{"entity-type":"item","numeric-id":828013,"id":"Q828013"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$81837011-298E-497F-9539-A7C5B82A1621","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"68143f6d277bb02adbea2879eaeff1303cbecc35","datavalue":{"value":{"entity-type":"item","numeric-id":166318,"id":"Q166318"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$F732A25A-6372-4AB8-8CE1-E31B3A6B3079","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"85de1403c7134b762319ee716a072e8b3e81fb9e","datavalue":{"value":{"time":"+2011-02-14T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q623443$5022A08F-D6CF-4CAD-98AF-5D29B236662C","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"2803682229b4dae72c0eb9d23ba6acdadd3dcb74","datavalue":{"value":"The paper investigates the incentives for investment in capacity of energy generating firms acting in electricity markets with random demand growth. The problem is represented by a duopoly model. Each firm consists of some plants, and each trade period the firms participate in a uniform price auction that specifies the market price and the fraction of each firm's capacity that will be utilized. In the auction firms submit their price-bids which are limited from above by a price cap stipulated by the regulatory comission. In each period the firms can invest a part of their profits in new capacity. The process is considered as a dynamic game with Markovian property where the bidding and the investment strategies of the firms depend only on the current state (demand and firms' capacities) and incentives for collusion are not present. Analytical conditions providing existence and ``good properties'' (Markov perfect equilibrium) are represented by three theorems. Also the impact of ``price caps'' on consumer welfare is studied.","type":"string"},"datatype":"string"},"type":"statement","id":"Q623443$E539321C-AEF9-4824-AB61-8D1B138F2E10","rank":"normal"}],"P1447":[{"mainsnak":{"snaktype":"value","property":"P1447","hash":"845f535061d6e6d7ce646ab245942cd52931210b","datavalue":{"value":{"entity-type":"item","numeric-id":587129,"id":"Q587129"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$1305C487-1B2F-464E-B222-F073D0F35755","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"6e419163fd9b5f210c8c0c28cdb07c2197a2bcac","datavalue":{"value":"91B26","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$84154304-59CD-4B83-A237-E3DA4D059F12","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"b0e497fa25972a5e8a0353b17744210646653683","datavalue":{"value":"91B24","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$35EDA071-9956-4F95-8BD4-B6E1A310AF4A","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"c94525efb4e3a412bc913689e773e6e2a5502335","datavalue":{"value":"91B51","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$F84CE408-283B-4EEE-BB5D-9F68FC11FA18","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"3c41ac41d6e70ec19c64bdeedb4a0e69dd9ac054","datavalue":{"value":"91B38","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$BBA3C0E7-1550-4F78-9621-3AF2DEA126EA","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"8a7dd7003e1269b5b10ff3f935da8af9e44f172f","datavalue":{"value":"91A10","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$2E658C69-2B88-4CDB-BFFE-B26C068A424A","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"f83e92cd1c269b0becae2b5af2045ee27d1a484f","datavalue":{"value":"5851491","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$A1F65DAF-5D1F-4B16-9F73-4C2E1D418DD2","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"a12f00243153358fc34036af5986757b8b881acc","datavalue":{"value":"investment in capacity","type":"string"},"datatype":"string"},"type":"statement","id":"Q623443$AA8882BF-02BC-4577-9E58-A94E804C5D86","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"d3a88acf70e2313b6152d8b7e2a7c98b7456ca22","datavalue":{"value":"uniform price auction","type":"string"},"datatype":"string"},"type":"statement","id":"Q623443$710B174B-8F0F-4EBA-AE1A-EC93480EA84F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"3fff91912713c7c17b7a9ec7b92abfde39110e4d","datavalue":{"value":"Markov perfect equilibrium","type":"string"},"datatype":"string"},"type":"statement","id":"Q623443$E672EFF3-6B37-4AB1-966D-582176D20290","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"6207179b61e4d93cb0d04844731922f79f51ca6f","datavalue":{"value":"price cap","type":"string"},"datatype":"string"},"type":"statement","id":"Q623443$49F5F57A-5498-451B-AB37-251E81F97B50","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"dd073d72279618aa985a1b8f410e7b7289da83db","datavalue":{"value":"security of supply","type":"string"},"datatype":"string"},"type":"statement","id":"Q623443$68207FB5-448B-4418-A6E5-364CD4F67DF3","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$762689BB-9862-420F-8510-B5F74F30DCE0","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"a3c8d2424842de93bed9f9019d2c3b43cdba0a74","datavalue":{"value":"https://doi.org/10.1007/s00199-009-0508-3","type":"string"},"datatype":"url"},"type":"statement","id":"Q623443$4E09ACB7-440E-402E-9CD1-BC949A8A1B4A","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"5c867c1fef612416523e9160b1d6b0afdb923e3f","datavalue":{"value":"W2074425893","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$5D054E6E-C0EF-4482-9CED-6A88CB7C1A2C","rank":"normal"}],"P223":[{"mainsnak":{"snaktype":"value","property":"P223","hash":"53c5a779906200b8437ab60c80d21d2427bfc65d","datavalue":{"value":{"entity-type":"item","numeric-id":4932241,"id":"Q4932241"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$FA3FC043-DA0D-467C-825F-42C0BF7ECBB6","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"0a7800482c3a0b663cd1c852af3f972ffac0ba96","datavalue":{"value":{"entity-type":"item","numeric-id":5293368,"id":"Q5293368"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$DABBC150-8191-466D-A178-11244D218336","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"1fc73e3cd7633b4e5f989bf2bcd01ee4479c6be9","datavalue":{"value":{"entity-type":"item","numeric-id":1055331,"id":"Q1055331"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$85483DA7-41BC-4C75-AB04-411AF3B0D684","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"7874deed6328d4dd390269e9e19b8187eeb00ee7","datavalue":{"value":{"entity-type":"item","numeric-id":5477769,"id":"Q5477769"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q623443$1C5F852F-C3DC-48B4-965C-0206CA308106","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"6b7fda7603cca06632302772063cd0b4d7bff2ae","datavalue":{"value":"10.1007/S00199-009-0508-3","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q623443$7FE41AB1-866C-416D-9343-796597F183BA","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"c69e9c908d789698057bc6a13f92acfc78adcda8","datavalue":{"value":{"entity-type":"item","numeric-id":1812152,"id":"Q1812152"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"378971280ee4f459c100e888021171274098cc1d","datavalue":{"value":{"amount":"+0.8148245811462402","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q623443$2E3EA054-A31A-4C20-AF5A-9C0182DCA0C4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"2f8c614404d07021d4a3b49097bf7a1bfa7f4543","datavalue":{"value":{"entity-type":"item","numeric-id":5322125,"id":"Q5322125"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e6b1f55c9087c1966f86a9112d66d259e95e3832","datavalue":{"value":{"amount":"+0.8128241300582886","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q623443$32F07B50-6E05-43FE-8132-CE1FEF4725CF","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"2b2dca06981fa042c9ec605ce950b444ee474120","datavalue":{"value":{"entity-type":"item","numeric-id":2271648,"id":"Q2271648"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e18ba5281f1852ec8b5bfee99ee2209c14365347","datavalue":{"value":{"amount":"+0.802007257938385","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q623443$D5A4787C-2227-48D2-9131-0B386091DEA4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"0f4b7a7702880524bcbea4b78401af24c6960aa9","datavalue":{"value":{"entity-type":"item","numeric-id":2481752,"id":"Q2481752"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"4374d93245c6197ca7f162ed8e0825f4c29ba4cb","datavalue":{"value":{"amount":"+0.801525890827179","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q623443$CFDFF754-5F6B-4440-9F7C-39C2C521C378","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"dc20ea8c6f4e4d78ee9fdeaec69a83ba77d4fda9","datavalue":{"value":{"entity-type":"item","numeric-id":368753,"id":"Q368753"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"c0ee1ba844ed9dae328d5dc8698f5af509264c4e","datavalue":{"value":{"amount":"+0.8007253408432007","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q623443$76C997DE-96D5-4037-897B-EF05C97002CE","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Investment dynamics in electricity markets","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/Investment_dynamics_in_electricity_markets"}}}}}