Inflow Uncertainty in Hydropower Markets
分析了不确定性在不同市场结构假设下对水电系统市场表现的影响，揭示了确定性模型无法捕捉的市场势力行使方式，其效果取决于企业面临的剩余需求特征。
Abstract We analyse the effects of uncertainty on market performance in hydropower systems under alternative assumptions about market structure. Uncertainty creates distinct possibilities for exercising market power that cannot be captured in deterministic models. The qualitative and quantitative features of these possibilities depend on the characteristics of residual demand facing individual firms, which again depends on consumer preferences and generation and transmission technologies.