Abstract
The industry's history of central generation, coordination, and regulation breeds a natural suspicion of whether or not decentralized coordination and a more market-based, decentralized regulatory approach can work. To see how people will behave in a decentralized environment with decentralized institutions, one must test the environment and institutions experimentally, with real people.
Original language | English (US) |
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Pages (from-to) | 43-50 |
Number of pages | 8 |
Journal | Electricity Journal |
Volume | 18 |
Issue number | 9 |
DOIs | |
State | Published - Nov 2005 |
ASJC Scopus subject areas
- Energy (miscellaneous)
- Law
- Management of Technology and Innovation
- Business and International Management