Vorliegende Sprache |
eng |
Hinweise auf parallele Ausgaben |
856421138 Erscheint auch als (Druck-Ausgabe): ‡Horsley, Anthony, 1939 - 2006: ¬The¬ short-run approach to long-run equilibrium in competitive markets |
ISBN |
978-3-319-33397-7 |
Name |
Horsley, Anthony |
Wrobel, Andrew J. |
Name ANZEIGE DER KETTE |
Wrobel, Andrew J. |
T I T E L |
¬The¬ Short-Run Approach to Long-Run Equilibrium in Competitive Markets |
Zusatz zum Titel |
A General Theory with Application to Peak-Load Pricing with Storage |
Verlagsort |
Cham |
Verlag |
Springer |
Erscheinungsjahr |
2016 |
2016 |
Umfang |
Online-Ressource (X, 195 p. 7 illus, online resource) |
Reihe |
Lecture Notes in Economics and Mathematical Systems ; 684 |
Lecture notes in economics and mathematical systems |
Band |
684 |
Titelhinweis |
Druckausg.ISBN: 978-3-319-33397-7 |
Printed editionISBN: 978-3-319-33397-7 |
Erscheint auch als (Druck-Ausgabe): ‡Horsley, Anthony, 1939 - 2006: ¬The¬ short-run approach to long-run equilibrium in competitive markets |
ISBN |
ISBN 978-3-319-33398-4 |
Klassifikation |
*91-02 |
91B24 |
91B52 |
91B54 |
91B74 |
KCA |
BUS069030 |
330.1 |
HB1-846.8 |
QR 530 |
Kurzbeschreibung |
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 |
2. Kurzbeschreibung |
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 |
1. Schlagwortkette |
Energiespeicherung |
Optimierung |
ANZEIGE DER KETTE |
Energiespeicherung -- Optimierung |
SWB-Titel-Idn |
479367906 |
Signatur |
Springer E-Book |
Bemerkungen |
Elektronischer Volltext - Campuslizenz |
Elektronische Adresse |
$uhttp://dx.doi.org/10.1007/978-3-319-33398-4 |
Internetseite / Link |
Volltext |
Siehe auch |
Inhaltstext |