An important conclusion from the literature on hydropower is that if there are no other constraints than the available … water reservoirs for a year, and operating costs are ignored, the competitive (and socially optimal) outcome is … hydropower being non-concave. This non-concavity can be caused by short-run capacity limits either on exports and imports of …

An important conclusion from the literature on hydropower is that if there are no other constraints than the available … water reservoirs for a year, and operating costs are ignored, the competitive (and socially optimal) outcome is … hydropower being non-concave. This non-concavity can be caused by short-run capacity limits either on exports and imports of …

The key question in hydropower production is the time pattern of the use of the water in the reservoir. The water used … to produce electricity today can alternatively be used tomorrow. The analysis of the operation of hydropower is therefore … essentially a dynamic one. The paper introduces some basic models for social allocation of stored water over discrete time periods …

An important conclusion from the literature on hydropower is that if there are no other constraints than the available … water reservoirs for a year, and operating costs are ignored, the competitive (and socially optimal) outcome is … hydropower being non-concave. This non-concavity can be caused by short-run capacity limits either on exports and imports of …

countries. -- Electricity ; hydropower ; thermal power ; international trade …