Anthony Horsley: 1 book
The Short-Run Approach to Long-Run Equilibrium in Competitive Markets
A General Theory with Application to Peak-Load Pricing with Storage
Language: English
Release Date: October 19, 2016
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...
