NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Level versus Variability Trade-offs in Wind and Solar Generation Investments: The Case of California

Frank A. Wolak

NBER Working Paper No. 22494
Issued in August 2016

---- Acknowledgments ----

I would like to thank Reinhard Madlener and Carlo Andrea Bollino and two anonymous referees for helpful comments on a previous draft. Chris Bruegge provided outstanding research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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