Similar Search Results

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

This is a new formal framework for the theory of competitive equilibrium and its applications. Our “short-run approach” means the calculation of long-run producer optima and general equilibria from the short-run solutions to the producer’s profit maximization programme and its dual. The...

Persistent link: https://www.econbiz.de/10011071376

A practical short-run approach to market equilibrium

Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 2005

The “short-run approach” 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.

Persistent link: https://www.econbiz.de/10011071538

Between Enlargement-led Europeanisation and Balkan Exceptionalism: an appraisal of Bulgaria’s and Romania’s entry into the European Union

Papadimitriou, Dimitris; Gateva, Eli - London School of Economics (LSE) - 2009

The accession of Bulgaria and Romania into the European Union (EU) in 2007 offers significant theoretical and empirical … sought to influence domestic reform in the two countries through a mix of threats and rewards. What emerges from Bulgaria … the considerable EU discretion in the manner of its implementation. In that sense Bulgaria and Romania, as ‘outliers’ of …

Persistent link: https://www.econbiz.de/10005016300

When Foreign Direct Investment is Good for Development: Bulgaria’s accession, industrial restructuring and regional FDI

Bozhilova, Diana - London School of Economics (LSE) - 2010

This article examines the dynamic between the process of Bulgaria’s European Union accession and the flow of Foreign … major source of strategic regional investments in Bulgaria’s industry highlighting the significance of regional trade and …

Persistent link: https://www.econbiz.de/10008635794

The Emergence of Regional Policy in Bulgaria: regional problems, EU influences and domestic constraints

Monastiriotis, Vassilis - London School of Economics (LSE) - 2008

process. Regional policy in Bulgaria has for all analytical purposes been notably absent in the 1990s and only started shaping … Bulgaria reflects strongly the EU influence and shows little sensitivity to, and appreciation of, the main regional and spatial … regional policy in Bulgaria by evaluating the nature of regional disparities in the country, examining the development of …

Persistent link: https://www.econbiz.de/10005453828

When foreign direct investment is good for development: Bulgaria’s accession, industrial restructuring and regional FDI

Bozhilova, Diana - London School of Economics (LSE) - 2010

Persistent link: https://www.econbiz.de/10010744962

Barriers and the transition to modern growth

Ngai, L. Rachel - London School of Economics (LSE) - 2003

This paper studies how differences in the size of barriers to capital accumulation can account for differences in long run economic development paths. In this model barriers affect both the beginning date and the pace of the modern economic growth. A fundamental property of the model is that...

Persistent link: https://www.econbiz.de/10010928738

Integrated EUA and CER price modeling and application for spread option pricing

Barrieu, Pauline; Fehr, Max - London School of Economics (LSE) - 2011

In this paper we propose a market consistent futures price dynamics model for cap-andtrade schemes, designed in the spirit of the European Union’s Emissions Trading Scheme (EU ETS). Historical price dynamics for the EU ETS suggest that, both, European emission Allowances (EUAs) and Certified...

Persistent link: https://www.econbiz.de/10010745195

The short-run approach to LRMC pricing for multiple outputs with nondifferentiable costs

Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 2000

Using convex calculus, we extend the Wong-Viner Theorem to nondifferentiable costs by equating the capital inputs' 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

Gradualism in dynamic agenda formation

Levy, Gilat; Razin, Ronny - London School of Economics (LSE) - 2009

We analyze a dynamic model of agenda formation in which players compete in each period to put their ideal policies on the agenda. In each period, with some probability, a decision maker is called upon to take an action from the agenda. We show that in any Markov equilibrium of this game, players...

Persistent link: https://www.econbiz.de/10010745831