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UID:3774c039555e107346c4f4ca79bc7fae
CATEGORIES:Seminars
CREATED:20251007T133254
SUMMARY:Gautam Gowrisankaran - Columbia University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nPlugging in the Wind and Sun: Market Design for Shared Infrastruct
 ure Under Uncertainty” with Ashley Langer, and Nicholas Ryan\n\n\nAbstract:
 \nThe past decade has seen a surge in new renewable power projects seeking 
 to plug in to the electric grid. Plant entry on the grid generates cost ext
 ernalities, whereby each new potential plant can change the costs that othe
 r projects nearby must pay to connect. We study the interconnection queue t
 hat admits new projects to the California electricity market. We find evide
 nce that externalities matter for investment: (i) plant interconnection cos
 ts increase in nearby entry; (ii) projects with lower interconnection costs
  are more likely to connect; (iii) projects awarded the right to use spare 
 grid capacity are much more likely to connect. We embed these descriptive f
 indings in a dynamic equilibrium model of the interconnection queue that ad
 mits externalities between projects.\n
DTSTAMP:20260501T035841Z
DTSTART:20260513T163000Z
DTEND:20260513T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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