| 书目名称 | The Short-Run Approach to Long-Run Equilibrium in Competitive Markets |
| 副标题 | A General Theory wit |
| 编辑 | Anthony Horsley,Andrew J. Wrobel |
| 视频video | |
| 概述 | The only substantial development of Boiteux‘s idea of the short-run approach to long-run market equilibrium.Comprehensive taxonomy of seventeen marginalist and programming characterizations of produce |
| 丛书名称 | Lecture Notes in Economics and Mathematical Systems |
| 图书封面 |  |
| 描述 | 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 andindustrial reality by giving subdifferential extensions of basic results of microeconomics, including the Wong-Viner Envelope Theorem. |
| 出版日期 | Book 2016 |
| 关键词 | Competitive equilibrium; Shadow pricing; Plant evaluation; Wong-Viner Envelope Theorem; Public utility p |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-319-33398-4 |
| isbn_softcover | 978-3-319-33397-7 |
| isbn_ebook | 978-3-319-33398-4Series ISSN 0075-8442 Series E-ISSN 2196-9957 |
| issn_series | 0075-8442 |
| copyright | Springer International Publishing Switzerland 2016 |
发表于 2025-3-21 18:47:02
