2007
DOI: 10.1016/j.enpol.2007.06.025
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Investment incentives in the Korean electricity market

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Cited by 29 publications
(12 citation statements)
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“…System dynamics 2 has been widely used to understand the longterm dynamics of liberalised electricity markets and the deregulation process, in particular to explain the cycles of capacity expansion causing periods of over-and under-supply (Bunn and Larsen, 1997;Ford, 1999;Olsina, 2005). System dynamics has also been used to analyse the impact of different forms of resource adequacy policies, such as capacity mechanisms, on capacity expansion in liberalised electricity markets (Hasani and Hosseini, 2011;Park et al, 2007), as well as the impact of environmentalrelated policies on the dynamics of capacity expansion (QudratUllah and Davidsen, 2001;Vogstad, 2005).…”
Section: Methodsmentioning
confidence: 99%
“…System dynamics 2 has been widely used to understand the longterm dynamics of liberalised electricity markets and the deregulation process, in particular to explain the cycles of capacity expansion causing periods of over-and under-supply (Bunn and Larsen, 1997;Ford, 1999;Olsina, 2005). System dynamics has also been used to analyse the impact of different forms of resource adequacy policies, such as capacity mechanisms, on capacity expansion in liberalised electricity markets (Hasani and Hosseini, 2011;Park et al, 2007), as well as the impact of environmentalrelated policies on the dynamics of capacity expansion (QudratUllah and Davidsen, 2001;Vogstad, 2005).…”
Section: Methodsmentioning
confidence: 99%
“…For example, Gary and Larsen [41] focussed on the UK, Ford [42] modelled the USA market, Olsina et al [38] developed a GCE model for Argentina, Qudrat-Ullah [40] for Canada, and Park et al [43] for Korea, to name a few. This trend seemed to be very logical as each country's market has some distinctive characteristics.…”
Section: Generation Capacity Expansion Modelsmentioning
confidence: 99%
“…These include probabilistic approach adopted by Park et al, [43] and Arango [45], a market oriented one by Assili et al [46], and finally a hybrid of fixed and market oriented one by Hasani and…”
Section: Generation Capacity Expansion Modelsmentioning
confidence: 99%
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