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Summary and Conclusions

In: Hydropower Economics

Author

Listed:
  • Finn R. Førsund

    (University of Oslo)

Abstract

The key theme of the book has been what causes electricity prices to change over time in a hydropower-dominated electricity sector. Regarding water as a limited natural resource, the conclusion for the price structure over time, established in Chapter 2, was that the price should be the same for all periods, in accordance with asset pricing arbitrage à la Hotelling.

Suggested Citation

  • Finn R. Førsund, 2015. "Summary and Conclusions," International Series in Operations Research & Management Science, in: Hydropower Economics, edition 2, chapter 0, pages 301-311, Springer.
  • Handle: RePEc:spr:isochp:978-1-4899-7519-5_12
    DOI: 10.1007/978-1-4899-7519-5_12
    as

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