Many economic problems can be formulated as dynamic games in which strategically interacting agents choose actions that determine the current and future levels of a single capital stock. We study necessary conditions that allow us to characterize Markov perfect Nash equilibria (MPNE) for these...

Recently, there is a perennial debate on the effects of renewable energy production and the adjacent rising uncertainty in the electricity supply on investment incentives in the generation as well as the transmission market. Moreover, the regulation of the transmission and distribution prices...