Narrow search
Showing 1 - 10 of 88
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
A theory of supervision with endogenous transaction costs
Faure-Grimaud, Antoine; Laffont, Jean-Jacques; … - London School of Economics (LSE) - 1998
We propose a theory of supervision with endogenous transaction costs. A principal delegates part of his authority to a supervisor who can acquire soft information about an agent's productivity. If the supervisor were risk-neutral, the principal would simply make the better informed supervisor...
Persistent link: https://www.econbiz.de/10010928775