Similar Search Results

The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry

Borenstein, Severin - 1997

capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …

Persistent link: https://www.econbiz.de/10012472520

Irreversible Investment, Capacity Choice, and the Value of the Firm

Pindyck, Robert S. - 1986

Persistent link: https://www.econbiz.de/10012477092

Productivity Measurement with Nonstatic Expectations and Varying Capacity Utilization : An Integrated Approach

Morrison, Catherine J. - 1985

Typically measures of multifactor productivity growth have been based on a production and optimization framework that assumes all inputs are instantaneously adjustable, thus ignoring the important impacts of short run fixity of certain inputs. This paper focuses on the distinction between short...

Persistent link: https://www.econbiz.de/10012477524

On the Economic Interpretation and Measurement of Optimal Capacity Utilization with Anticipatory Expectations

Morrison, Catherine J. - 1985

This study builds on recent research giving the notion of capacity utilization clearer economic foundations. In this research optimal output Y* is defined as the minimum point on the firm's short-run average total cost curve, and capacity utilization is then computed as CU=Y/Y*, where Y is...

Persistent link: https://www.econbiz.de/10012477550

Price and Capacity Competition

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The motivating example is a communication network where service providers invest in capacities and then compete in prices. Our model economy corresponds to a two-stage game. First, firms...

Persistent link: https://www.econbiz.de/10012465855

Productivity, Market Power and Capacity Utilization When Spot Markets are Complete

Eden, Benjamin - 1991

is the elasticity of capacity with respect to fixed labor. Under competition and risk neutrality this coefficient is … reject the joint hypothesis of competition and risk neutrality. It is also argued that the coefficient of total man …

Persistent link: https://www.econbiz.de/10012475309

Endogenous Capital Utilization and Productivity Measurement in Dynamic Factor Demand Models : Theory and an Application to the U.S. Electrical

Prucha, Ingmar R. - 1991

Studies of the firm's demand for factor inputs often assume a constant rate of utilization of the inputs and ignore the fact that the firm can simultaneously choose the level and the rate of utilization of its inputs. In particular, the literature on dynamic factor demand models has, until...

Persistent link: https://www.econbiz.de/10012475331

Economic Capacity Utilization and Productivity Measurement for Multi-product firms with multiple quasi-fixed inputs

Berndt, Ernst R. - 1989

In this paper we develop measures of economic capacity output and economic capacity utilization for firms producing multiple outputs and having one or .ore quasi-fixed inputs. Although we produce an impossibility theorem showing that based only on the assumption of cost minimization, the concept...

Persistent link: https://www.econbiz.de/10012476121

Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances

Svensson, Lars E.O. - 1987

A stochastic two-country neoclassical rational expectations model with sticky prices -- optimally set by monopolistically competitive firms -- and possible excess capacity is developed to examine international spillover effects on output of monetary disturbances. The Mundell-Fleming model...

Persistent link: https://www.econbiz.de/10012476806

Dynamic Price Competition with Capacity Constraints

Betancourt, Jose M.; Hortaçsu, Ali; Öry, Aniko; … - National Bureau of Economic Research - 2024

We study dynamic price competition between sellers offering differentiated products with limited capacity and a common …

Persistent link: https://www.econbiz.de/10014635636

1
2
3
4
5
6
7
8
9
10
Next
Last