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...

Full description

Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Horsley, Anthony (Author), Wrobel, Andrew J. (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:Inglés
Published: Cham : Springer International Publishing : Imprint: Springer, 2016.
Edition:1st ed. 2016.
Series:Lecture Notes in Economics and Mathematical Systems, 684
Subjects:
Econometrics.
Energy policy.
Energy and state.
Microeconomics.
Mathematical optimization.
Energy storage.
Quantitative Economics.
Energy Policy, Economics and Management.
Continuous Optimization.
Mechanical and Thermal Energy Storage.
Online Access:Texto Completo
Table of Contents:
  • 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.

Similar Items