Usually, engineering textbooks were dry recitations of formulas. But as Lucas scrolled through the PDF, he realized this wasn't just a book about math; it was a book about behavior.
: Stoft argues that competitive prices should be based on marginal costs, which, if designed correctly, can cover fixed costs. Market Architecture : He distinguishes between market structure (reliability requirements, supply concentration) and market architecture power system economics steven stoft pdf
Here is why the book is still relevant: