Cargando…
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 e...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cham :
Springer International Publishing : Imprint: Springer,
2016.
|
| Edición: | 1st ed. 2016. |
| Colección: | Lecture Notes in Economics and Mathematical Systems,
684 |
| Temas: | |
| Acceso en línea: | Texto Completo |
MARC
| LEADER | 00000nam a22000005i 4500 | ||
|---|---|---|---|
| 001 | 978-3-319-33398-4 | ||
| 003 | DE-He213 | ||
| 005 | 20220116052930.0 | ||
| 007 | cr nn 008mamaa | ||
| 008 | 161019s2016 sz | s |||| 0|eng d | ||
| 020 | |a 9783319333984 |9 978-3-319-33398-4 | ||
| 024 | 7 | |a 10.1007/978-3-319-33398-4 |2 doi | |
| 050 | 4 | |a HB139-141 | |
| 072 | 7 | |a KCA |2 bicssc | |
| 072 | 7 | |a BUS069030 |2 bisacsh | |
| 072 | 7 | |a KCA |2 thema | |
| 082 | 0 | 4 | |a 330.9 |2 23 |
| 100 | 1 | |a Horsley, Anthony. |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
| 245 | 1 | 4 | |a The Short-Run Approach to Long-Run Equilibrium in Competitive Markets |h [electronic resource] : |b A General Theory with Application to Peak-Load Pricing with Storage / |c by Anthony Horsley, Andrew J. Wrobel. |
| 250 | |a 1st ed. 2016. | ||
| 264 | 1 | |a Cham : |b Springer International Publishing : |b Imprint: Springer, |c 2016. | |
| 300 | |a X, 195 p. 7 illus. |b online resource. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |b PDF |2 rda | ||
| 490 | 1 | |a Lecture Notes in Economics and Mathematical Systems, |x 2196-9957 ; |v 684 | |
| 505 | 0 | |a 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. | |
| 520 | |a 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 generated by thermal, hydro and pumped-storage plants, it gives a sound and practical method of valuing the fixed assets-in this case, the river flows and the geological sites suitable for reservoirs. Its main mathematical basis is the producer's short-run profit maximization programme and its dual; their solutions have relatively simple forms that can greatly ease the fixed-point problem of solving for the general equilibrium. Since the optimal values (profit and cost functions) are usually nondifferentiable-this is so when there are joint costs of production such as capacity constraints-nonsmooth calculus is employed to resolve long-standing discrepancies between textbook theory and industrial reality by giving subdifferential extensions of basic results of microeconomics, including the Wong-Viner Envelope Theorem. | ||
| 650 | 0 | |a Econometrics. | |
| 650 | 0 | |a Energy policy. | |
| 650 | 0 | |a Energy and state. | |
| 650 | 0 | |a Microeconomics. | |
| 650 | 0 | |a Mathematical optimization. | |
| 650 | 0 | |a Energy storage. | |
| 650 | 1 | 4 | |a Quantitative Economics. |
| 650 | 2 | 4 | |a Energy Policy, Economics and Management. |
| 650 | 2 | 4 | |a Microeconomics. |
| 650 | 2 | 4 | |a Continuous Optimization. |
| 650 | 2 | 4 | |a Mechanical and Thermal Energy Storage. |
| 700 | 1 | |a Wrobel, Andrew J. |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
| 710 | 2 | |a SpringerLink (Online service) | |
| 773 | 0 | |t Springer Nature eBook | |
| 776 | 0 | 8 | |i Printed edition: |z 9783319333977 |
| 776 | 0 | 8 | |i Printed edition: |z 9783319333991 |
| 830 | 0 | |a Lecture Notes in Economics and Mathematical Systems, |x 2196-9957 ; |v 684 | |
| 856 | 4 | 0 | |u https://doi.uam.elogim.com/10.1007/978-3-319-33398-4 |z Texto Completo |
| 912 | |a ZDB-2-ECF | ||
| 912 | |a ZDB-2-SXEF | ||
| 950 | |a Economics and Finance (SpringerNature-41170) | ||
| 950 | |a Economics and Finance (R0) (SpringerNature-43720) | ||