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Continuity of the equilibrium price density and its uses in peak-load pricing
Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 2001
utility. For continuous-time peak-load pricing of, e.g., electricity, this allows the inclusion of storage and of cross …
Persistent link: https://www.econbiz.de/10011071187
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Characterizations of long-run producer optima and the short-run approach to long-run market equilibrium: a general theory with applications to peak-load pricing
Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 2005
-run general-equilibrium pricing of a range of commodities with joint costs of production. This gives a practical method that finds … the fixed-point problem of solving for equilibrium, as is shown on an electricity pricing example. Applicable criteria are … function to the case of multiple outputs. The short-run approach is applied to the peak-load pricing of electricity generated …
Persistent link: https://www.econbiz.de/10011071376
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Efficiency rents of storage plants in peak-load pricing, ii: hydroelectricity
Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 1999
Duality methods of linear and convex programming are applied to impute definite marginal values to the fixed inputs of a hydroelectric plant from the operating profit. Our earlier analysis of pumped storage (of energy and other cyclically priced goods) is thus extended to valuation of an...
Persistent link: https://www.econbiz.de/10010928665
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Efficiency rents of pumped-storage plants and their uses for operation and investment decisions
Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 2000
facilities for conversion and storage of cyclically priced goods, e.g. , energy. Both problems are approached by shadow-pricing …
Persistent link: https://www.econbiz.de/10010744852
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The short-run approach to LRMC pricing for multiple outputs with nondifferentiable costs
Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 2000
' rental prices to their profit-imputed marginal values. Thus extended, the short-run approach to LRMC pricing is applied to … peak-load pricing with storage. …
Persistent link: https://www.econbiz.de/10010745317
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A model of political parties
Levy, Gilat - London School of Economics (LSE) - 2004
This paper presents a new model of political parties. I assume that the role of parties is to increase the commitment ability of politicians vis-à-vis the voters. Whereas a politician running alone can only offer his ideal policy, the set of policies that a party can commit to is the Pareto set...
Persistent link: https://www.econbiz.de/10011071543
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Qualified majority voting explained
Felsenthal, Dan S.; Machover, Moshé - London School of Economics (LSE) - 2004
We explain the issue of the decision rule of the EU's Council of Ministers. We outline, in as non-technical fashion as we can, the mathematical theory (due to L S Penrose) that addresses this sort of issue. We assess the decision rule prescribed in the Nice Treaty as well as that included in the...
Persistent link: https://www.econbiz.de/10010746113
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Demand and pricing of preventative healthcare
Vandoros, Sotiris; Carman, Katherine Grace - London School of Economics (LSE) - 2011
This study introduces a theoretical framework for the economics of preventative healthcare. Mathematical models are used to explain how the price and utilization of prevention change depending on demand, as well as factors such as the price of a cure, the probability of illness, the efficacy of...
Persistent link: https://www.econbiz.de/10010744804
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Entry, standards and competition : firm strategies and the diffusion of mobile telephony
Koski, Heli; Kretschmer, Tobias - London School of Economics (LSE) - 2005
This paper studies the effects of a country’s regulatory setting and competitive environment on the performance of second-generation (2G) mobile telecommunication. We consider three dimensions of sector performance: entry time, service prices and diffusion. We address the question of...
Persistent link: https://www.econbiz.de/10010746333
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Reforming securities and derivatives trading in the EU: from EMIR to MiFIR
Ferrarini, Guido; Saguato, Paolo - London School of Economics (LSE) - 2013
The financial crisis has generated a deep revision of the regulation of securities and derivatives markets. In this paper, we critically examine the extent to which current reforms, such as the European Market Infrastructure Regulation and the proposed new Markets in Financial Instruments...
Persistent link: https://www.econbiz.de/10011126127