Short-run and Long-run Cournot Equilibria in Multiproduct Industries
Title | Short-run and Long-run Cournot Equilibria in Multiproduct Industries PDF eBook |
Author | Nikolaos Georgantzis |
Publisher | |
Pages | 36 |
Release | 1994 |
Genre | Diversification in industry |
ISBN |
Short-run and long-run cournot equilibria in multiproduct industries
Title | Short-run and long-run cournot equilibria in multiproduct industries PDF eBook |
Author | Nikolaos Georgantzís |
Publisher | |
Pages | 19 |
Release | 1994 |
Genre | |
ISBN |
Short-run and Long-run Cournot Equilbria in Multiproduct Industries
Title | Short-run and Long-run Cournot Equilbria in Multiproduct Industries PDF eBook |
Author | Nikolaos Georgantzis |
Publisher | |
Pages | 0 |
Release | 1994 |
Genre | |
ISBN |
The Short-Run Approach to Long-Run Equilibrium in Competitive Markets
Title | The Short-Run Approach to Long-Run Equilibrium in Competitive Markets PDF eBook |
Author | Anthony Horsley |
Publisher | Springer |
Pages | 199 |
Release | 2016-10-19 |
Genre | Business & Economics |
ISBN | 3319333984 |
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.
Spatial Multiproduct Pricing
Title | Spatial Multiproduct Pricing PDF eBook |
Author | Giovanni Nero |
Publisher | |
Pages | 48 |
Release | 1995 |
Genre | Airlines |
ISBN |
Spatial Multiproduct Duopoly Pricing
Title | Spatial Multiproduct Duopoly Pricing PDF eBook |
Author | Giovanni Nero |
Publisher | |
Pages | 48 |
Release | 1995 |
Genre | Duopolies |
ISBN |
Is Job Turnover Countercyclical?
Title | Is Job Turnover Countercyclical? PDF eBook |
Author | Tito Boeri |
Publisher | |
Pages | 48 |
Release | 1995 |
Genre | Job creation |
ISBN |