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Endogenous investment decisions in natural gas equilibrium models with logarithmic cost functions
Huppmann, Daniel - 2012
investment options. In order to capture the specific characteristics of natural gas production, most of these models apply a … logarithmic production cost function. However, no model has so far combined this cost function type with endogenous investment …, this is a serious shortcoming of the current literature. This paper provides a proof that combining endogenous investment …
Persistent link: https://www.econbiz.de/10009666492
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Endogenous investment decisions in natural gas equilibrium models with logarithmic cost functions
Huppmann, Daniel - 2012 - Corrected version
investment options. In order to capture the specific characteristics of natural gas production, most of these models apply a … logarithmic production cost function. However, no model has so far combined this cost function type with endogenous investment …, this is a serious shortcoming of the current literature. This paper provides a proof that combining endogenous investment …
Persistent link: https://www.econbiz.de/10012040798
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Inventories, Factor Demand and Capacity Utilization : The Long and Short Run Structure
Peeters, Marga - 2011
An ECM is derived from first order conditions of a factor demand model. Decisions on inventory stock and capacity utilization are (endogenously) modeled, by which a large system of equations results. Within this system the exogeneity of real factor prices as well as sales is tested. The role of...
Persistent link: https://www.econbiz.de/10013119731
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Labor Hoarding, Inflexible Prices, and Procyclical Productivity
Rotemberg, Julio J.; Summers, Lawrence H. - 2021
Hall has pointed out that, when there is perfect competition and price flexibility, labor hoarding alone will not induce the Solow residual measured using labor's share in revenues to be procyclical. We show that, even with perfect competition, a small amount of price rigidity - we assume firms...
Persistent link: https://www.econbiz.de/10013249250
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Labor Hoarding, Inflexible Prices, and Procyclical Productivity
Rotemberg, Julio J. - 1988
Hall has pointed out that, when there is perfect competition and price flexibility, labor hoarding alone will not induce the Solow residual measured using labor's share in revenues to be procyclical. We show that, even with perfect competition, a small amount of price rigidity - we assume firms...
Persistent link: https://www.econbiz.de/10012476463
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Economic census / Subject series / 72 / Summary
USA / Bureau of the Census - 2001-: Washington, DC : US Census Bureau - 1997(2001) -
Persistent link: https://www.econbiz.de/10001765485
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Economic census / Accommodation and food services / Subject series / Miscellaneous subjects
USA / Bureau of the Census - Washington, DC : US Census Bureau - 1997(2000) -
Persistent link: https://www.econbiz.de/10001765486
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The Effect of Cost Asymmetry and Output Flexibility on Capacity Choices
Chevalier-Roignant, Benoit - 2019
. We characterize the Markov Perfect Equilibria (MPE) and obtain the value of the investment option in the most likely MPE …. The value of the investment option is not necessarily monotone increasing and convex under competition but rather it …
Persistent link: https://www.econbiz.de/10012905377
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The Value of Transmission in Electricity Markets : Evidence from a Nuclear Power Plant Closure
Davis, Lucas W. - 2014
Reliable estimates of the value of electricity transmission are critical if these heavily-regulated investments are to be made cost-effectively. In this paper, we exploit the abrupt closure of the San Onofre Nuclear Generating Station (SONGS) in February 2012. During the previous decade, SONGS...
Persistent link: https://www.econbiz.de/10013053145
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The Value of Transmission in Electricity Markets : Evidence from a Nuclear Power Plant Closure
Davis, Lucas - 2014
Reliable estimates of the value of electricity transmission are critical if these heavily-regulated investments are to be made cost-effectively. In this paper, we exploit the abrupt closure of the San Onofre Nuclear Generating Station (SONGS) in February 2012. During the previous decade, SONGS...
Persistent link: https://www.econbiz.de/10012458479