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 …. Finally, the case of monopoly is studied.Different from standard monopoly behaviour of contracting output, if total available …

also in the long-run equilibrium where capacities are endogenous. In such an equilibrium the hydropower monopoly will get a …

An important conclusion from the literature on hydropower is that if there are no other constraints than the available … monopoly generally will differ from this, provided that the demand functions differ across different days (or other sub …-periods) of the year. We show that even if the demand function is the same all days of the year, the monopoly outcome will …

An important conclusion from the literature on hydropower is that if there are no other constraints than the available … monopoly generally will differ from this, provided that the demand functions differ across different days (or other sub …-periods) of the year.We show that even if the demand function is the same all days of the year, the monopoly outcome will …

as suggested in consumer research. On this basis, we investigate monopoly and competition between firms, described via an …-loop system. We derive a Nash equilibrium and examine the influence of advertising. We show for the monopoly case that a reduction …

selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a … when the size of the externalities is arbitrarily small. Our result highlights the degree of control a principal has over … on existing theories of competition in markets with adverse selection. …