The Short-Run Approach to Long-Run Equilibrium in Competitive Markets A General Theory with Application to Peak-Load Pricing with Storage /
The authors present a new formal framework for finding the long-run competitive market equilibrium through short-run equilibria by exploiting the operating policies and plant valuations. This “short-run approach” develops ideas of Boiteux and Koopmans. Applied to the peak-load pricing of electricity...
Κύριοι συγγραφείς: | , |
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Συγγραφή απο Οργανισμό/Αρχή: | |
Μορφή: | Ηλεκτρονική πηγή Ηλ. βιβλίο |
Γλώσσα: | English |
Έκδοση: |
Cham :
Springer International Publishing : Imprint: Springer,
2016.
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Σειρά: | Lecture Notes in Economics and Mathematical Systems,
684 |
Θέματα: | |
Διαθέσιμο Online: | Full Text via HEAL-Link |
Πίνακας περιεχομένων:
- Introduction
- Peak-load pricing with cross-price independent demands: a simple illustration
- Characterizations of long-run producer optimum
- Short-run profit approach to long-run market equilibrium
- Short-run approach to electricity pricing in continuous time
- Existence of optimal quantities and shadow prices with no duality gap
- Production techniques with conditionally fixed coefficients
- Conclusions.