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Investment dynamics in electricity markets

García, Alfredo; Stacchetti, Ennio - In: Economic theory : official journal of the Society for … 46 (2011) 2, pp. 149-187

Persistent link: https://www.econbiz.de/10008826743

Computing equilibria in the general equilibrium model with incomplete asset markets

Schmedders, Karl - In: Journal of economic dynamics & control 22 (1998) 8, pp. 1375-1401

Persistent link: https://www.econbiz.de/10001250757

Investment Dynamics in Electricity Markets

Garcia, Alfredo - 2007

We investigate the incentives for capacity investments in a simple strategic dynamic model with random demand growth. We construct non-collusive Markovian equilibria where the firms' decisions depend on the current capacity stock only. The firms maintain small reserve margins and high market...

Persistent link: https://www.econbiz.de/10012778011

A Method for Solving General Equilibrium Models with Incomplete Markets and Many Financial Assets

Evans, Martin D.D; Hnatkovska, Viktoria V. - 2008

This paper presents a new numerical method for solving stochastic general equilibrium models with dynamic portfolio choice over many financial assets. The method can be applied to models where there are heterogeneous agents, time-varying investment opportunity sets, and incomplete asset markets....

Persistent link: https://www.econbiz.de/10014062091

Computing equilibria in finance economies

Herings, Peter Jean-Jacques; Kubler, Felix - 2000

Persistent link: https://www.econbiz.de/10001559730

Mathematical Methods in Economics and Social Choice

Schofield, Norman - 2014 - 2nd ed. 2014

-- Differential Calculus and Smooth Optimisation -- Singularity Theory and General Equilibria -- Topology and Social Choice. …In recent years, the usual optimization techniques, which have proved so useful in microeconomic theory, have been … methods, and, as a result, make mathematical economics, general equilibrium theory, and social choice theory more accessible. …