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α: calibrated so average coauthorship-adjusted count equals average raw count
For over twenty years, electricity market liberalization has advanced short-term market efficiency in wholesale markets, but little progress has been made on coordinated transmission and generation investments. With fast penetration of renewables, widespread of distributed energy resources and emergence of smart-grid and energy storage technologies, the stake is growing significantly higher for the long-term efficiency of liberalized wholesale markets with an aging transmission infrastructure.