A Practical Short-Run Approach to Market Equilibrium

The quot;short-run approachquot; calculates long-run producer optima and general equilibria by building on short-run solutions to the producer's profit maximization problem and on profit-based valuation of the fixed inputs. We outline this method and illustrate it on an example of peak-load pricing

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Year of publication:	[2008]
Authors:	Horsley, Anthony
Other Persons:	wrobel, andrew j (contributor)
Publisher:	[2008]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (11 p)
Series:	LSE STICERD Research Paper ; No. TE488
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2005 erstellt
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; D41 - Perfect Competition ; D58 - Computable and Other Applied General Equilibrium Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012771149