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Profit-maximizing operation and valuation of hydroelectric plant: A new solution to the Koopmans problem

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Listed author(s):
  • Horsley, Anthony
  • Wrobel, Andrew J.

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File URL: http://www.sciencedirect.com/science/article/pii/S0165-1889(06)00074-1
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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 31 (2007)
Issue (Month): 3 (March)
Pages: 938-970

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Handle: RePEc:eee:dyncon:v:31:y:2007:i:3:p:938-970
Contact details of provider: Web page: http://www.elsevier.com/locate/jedc

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  1. Horsley, Anthony & Wrobel, Andrew J., 2002. "Efficiency rents of pumped-storage plants and their uses for operation and investment decisions," Journal of Economic Dynamics and Control, Elsevier, vol. 27(1), pages 109-142, November.
  2. Anthony Horsley & Andrew J. Wrobel, 2005. "Characterizations of long-run producer optima and the short-run approach to long-run market equilibrium: a general theory with applications to peak-load pricing," LSE Research Online Documents on Economics 19307, London School of Economics and Political Science, LSE Library.
  3. Koopmans, Tjalling C, 1977. "Concepts of Optimality and Their Uses," American Economic Review, American Economic Association, vol. 67(3), pages 261-274, June.
  4. Anthony Horsley & Andrew J. Wrobel, 2002. "Boiteux's solution to the shifting-peak problem and the equilibrium price density in continuous time," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 20(3), pages 503-537.
  5. Anthony Horsley & Andrew Wrobel, 2005. "Continuity of the equilibrium price density and its uses in peak-load pricing," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 839-866, November.
  6. Anthony Horsley & Andrew J Wrobel, 1999. "Efficiency Rents of Storage Plants in Peak-Load Pricing, II: Hydroelectricity - (Now published as Efficiency rents of hydroelectric storage plants in continuous-time peak-load pricing, in The Current ," STICERD - Theoretical Economics Paper Series 372, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
  7. Bewley, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 4(3), pages 514-540, June.
  8. Anthony Horsley & Andrew J. Wrobel, 1999. "Efficiency rents of storage plants in peak-load pricing, ii: hydroelectricity," LSE Research Online Documents on Economics 19342, London School of Economics and Political Science, LSE Library.
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Cited by:

  1. Ilak, Perica & Rajšl, Ivan & Krajcar, Slavko & Delimar, Marko, 2015. "The impact of a wind variable generation on the hydro generation water shadow price," Applied Energy, Elsevier, vol. 154(C), pages 197-208.
  2. Jing He & Xikang Chen & Yong Shi & Aihua Li, 2007. "Dynamic Computable General Equilibrium Model and Sensitivity Analysis for Shadow Price of Water Resource in China," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 21(9), pages 1517-1533, September.
  3. Perica Ilak & Slavko Krajcar & Ivan Rajšl & Marko Delimar, 2014. "Pricing Energy and Ancillary Services in a Day-Ahead Market for a Price-Taker Hydro Generating Company Using a Risk-Constrained Approach," Energies, MDPI, Open Access Journal, vol. 7(4), pages 1-26, April.
  4. Anthony Horsley & Andrew J. Wrobel, 2005. "A practical short-run approach to market equilibrium," LSE Research Online Documents on Economics 19313, London School of Economics and Political Science, LSE Library.
  5. Crampes, Claude & Moreaux, Michel, 2010. "Pumped storage and cost saving," Energy Economics, Elsevier, vol. 32(2), pages 325-333, March.
  6. Ivan Rajšl & Perica Ilak & Marko Delimar & Slavko Krajcar, 2012. "Dispatch Method for Independently Owned Hydropower Plants in the Same River Flow," Energies, MDPI, Open Access Journal, vol. 5(9), pages 1-17, September.

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