The competition between coal and natural gas : the importance of sunk costs
This paper explores the seeming paradox between the predominant choice of natural gas for capacity additions to generate electricity in the United States and the continuing large share of coal in meeting incremental generation, despite little new coal capacity and the aging of existing plants. The e...
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| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/50223 |