Profit-maximizing operation and valuation of hydroelectric plant: A new solution to the Koopmans problem
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- 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.
- Anthony Horsley & Andrew J Wrobel, 2000. "Efficiency Rents of Pumped-Storage Plants and their Uses for Operation and Investment Decisions," STICERD - Theoretical Economics Paper Series 405, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Horsley, Anthony & Wrobel, Andrew J., 2000. "Efficiency rents of pumped-storage plants and their uses for operation and investment decisions," LSE Research Online Documents on Economics 19336, London School of Economics and Political Science, LSE Library.
- Koopmans, Tjalling C, 1977.
"Concepts of Optimality and Their Uses,"
American Economic Review, American Economic Association, vol. 67(3), pages 261-274, June.
- Koopmans, Tjalling C., 1975. "Concepts of Optimality and Their Uses," Nobel Prize in Economics documents 1975-2, Nobel Prize Committee.
- Tjalling C. Koopmans, 1976. "Concepts of Optimality and Their Uses," Cowles Foundation Discussion Papers 421, Cowles Foundation for Research in Economics, Yale University.
- 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.
- 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.
- Horsley, Anthony & Wrobel, Andrew J., 2001. "Continuity of the equilibrium price density and its uses in peak-load pricing," LSE Research Online Documents on Economics 19330, London School of Economics and Political Science, LSE Library.
- Anthony Horsley & Andrew J Wrobel, 2001. "Continuity of the Equilibrium Price Density and its Uses in Peak-Load Pricing," STICERD - Theoretical Economics Paper Series 417, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- 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.
- 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.
- BEWLEY, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," LIDAM Reprints CORE 122, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- van Ackere, Ann & Ochoa, Patricia, 2010. "Managing a hydro-energy reservoir: A policy approach," Energy Policy, Elsevier, vol. 38(11), pages 7299-7311, November.
- Ivan Rajšl & Perica Ilak & Marko Delimar & Slavko Krajcar, 2012. "Dispatch Method for Independently Owned Hydropower Plants in the Same River Flow," Energies, MDPI, vol. 5(9), pages 1-17, September.
- 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.
- 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.
- Crampes, Claude & Moreaux, Michel, 2010. "Pumped storage and cost saving," Energy Economics, Elsevier, vol. 32(2), pages 325-333, March.
- 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, vol. 7(4), pages 1-26, April.
- Andrew J. Wrobel, 2020. "Bounded topologies on Banach spaces and some of their uses in economic theory: a review," Papers 2005.05202, arXiv.org, revised Sep 2020.
- Horsley, Anthony & Wrobel, Andrew J., 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.
- Anthony Horsley & Andrew J Wrobel, 2005. "A Practical Short-run Approach to Market Equilibrium," STICERD - Theoretical Economics Paper Series 488, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- 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.
- Horsley, Anthony & Wrobel, Andrew J., 2000. "Efficiency rents of pumped-storage plants and their uses for operation and investment decisions," LSE Research Online Documents on Economics 19336, London School of Economics and Political Science, LSE Library.
- Anthony Horsley & Andrew J Wrobel, 2000. "Efficiency Rents of Pumped-Storage Plants and their Uses for Operation and Investment Decisions," STICERD - Theoretical Economics Paper Series 405, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- 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.
- Horsley, Anthony & Wrobel, Andrew J., 2001. "Continuity of the equilibrium price density and its uses in peak-load pricing," LSE Research Online Documents on Economics 19330, London School of Economics and Political Science, LSE Library.
- Anthony Horsley & Andrew J Wrobel, 2001. "Continuity of the Equilibrium Price Density and its Uses in Peak-Load Pricing," STICERD - Theoretical Economics Paper Series 417, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Anthony Horsley & Andrew J Wrobel, 2005.
"Characterizations of long-run producer optima and the short-runapproach to long-run market equilibrium: a general theory withapplications to peak-load pricing,"
STICERD - Theoretical Economics Paper Series
490, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Horsley, Anthony & Wrobel, Andrew J., 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.
- Horsley, Anthony & Wrobel, Andrew J., 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.
- Anthony Horsley & Andrew J Wrobel, 2005. "A Practical Short-run Approach to Market Equilibrium," STICERD - Theoretical Economics Paper Series 488, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Tsitakis, D. & Xanthopoulos, S. & Yannacopoulos, A.N., 2006. "A closed-form solution for the price of cross-commodity electricity derivatives," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 371(2), pages 543-551.
- Andrew J. Wrobel, 2020. "Bounded topologies on Banach spaces and some of their uses in economic theory: a review," Papers 2005.05202, arXiv.org, revised Sep 2020.
- van der Laan, Gerard & Withagen, Cees, 2003. "Quasi-equilibrium in economies with infinite dimensional commodity spaces: a truncation approach," Journal of Economic Dynamics and Control, Elsevier, vol. 27(3), pages 423-444, January.
- Goenka, Aditya & Nguyen, Manh-Hung, 2009.
"Existence of Competitive Equilibrium in an Optimal Growth Model with Elastic Labor Supply and Smoothness of the Policy Function,"
TSE Working Papers
09-064, Toulouse School of Economics (TSE).
- GOENKA Aditya & NGUYEN Manh-Hung, 2009. "Existence of competitive equilibrium in an optimal growth model with elastic labor supply and smoothness of the policy function," LERNA Working Papers 09.21.297, LERNA, University of Toulouse.
- Larry E. Jones, 1984. "A Note on the Price Equilibrium Existence Problem in Banach Lattices," Discussion Papers 600, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jiuqiang Liu, 2017. "Existence of competitive equilibrium in coalition production economies with a continuum of agents," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(4), pages 941-955, November.
- Luis H. B. Braido & V. Filipe Martins†da†Rocha, 2018.
"Output Contingent Securities And Efficient Investment By Firms,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(2), pages 989-1012, May.
- Luis H.B. Braido & V. Filipe Martins-da-Rocha, 2012. "Output contingent securities and efficient investment by firms," Levine's Working Paper Archive 786969000000000371, David K. Levine.
- Luis H. B. Braido & Victor Filipe Martins da Rocha, 2018. "Output contingent securities and efficient investment by firms," Post-Print hal-01097363, HAL.
- Duffie, Darrell, 1996. "Incomplete security markets with infinitely many states: An introduction," Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 1-8.
- He, Wei & Yannelis, Nicholas C., 2015. "Equilibrium theory under ambiguity," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 86-95.
- Stefan Krasa & Nicholas C. Yannelis, 2005.
"Existence and properties of a value allocation for an economy with differential information,"
Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 527-540,
Springer.
- Krasa, Stefan & Yannelis, Nicholas C., 1996. "Existence and properties of a value allocation for an economy with differential information," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 165-179.
- Khan, M. Ali & Sun, Yeneng, 2001.
"Asymptotic Arbitrage and the APT with or without Measure-Theoretic Structures,"
Journal of Economic Theory, Elsevier, vol. 101(1), pages 222-251, November.
- Khan, A. & Sun, Y., 2000. "Asymptotic Arbitrage and the APT with or Without Measure-Theoretic Structures," Papiers d'Economie Mathématique et Applications 2000.81, Université Panthéon-Sorbonne (Paris 1).
- Besada, M. & Vazquez, C., 1999. "The generalized marginal rate of substitution," Journal of Mathematical Economics, Elsevier, vol. 31(4), pages 553-560, May.
- Basile, Achille & Graziano, Maria Gabriella & Papadaki, Maria & Polyrakis, Ioannis A., 2017.
"Cones with semi-interior points and equilibrium,"
Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 36-48.
- Achille Basile & Maria Gabriella Graziano & Maria Papadaki & Ioannis A. Polyrakis, 2016. "Cones with Semi-interior Points and Equilibrium," CSEF Working Papers 443, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Durán, Jorge & Le Van, Cuong, 2003.
"Simple Proof Of Existence Of Equilibrium In A One-Sector Growth Model With Bounded Or Unbounded Returns From Below,"
Macroeconomic Dynamics, Cambridge University Press, vol. 7(3), pages 317-332, June.
- DURAN, Jorge & LE VAN, Cuong, 2000. "A simple proof of existence of equilibrium in a one sector growth model with bounded or unbounded returns from below," LIDAM Discussion Papers CORE 2000050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jorge Duran & Cuong Le Van, 2003. "Simple Proof of Existence of Equilibrium in a One-Sector Growth Model with Bounded or Unbounded Returns from below," Post-Print halshs-00119082, HAL.
- Jorge Duran & Cuong Le Van, 2003. "Simple Proof of Existence of Equilibrium in a One-Sector Growth Model with Bounded or Unbounded Returns from below," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119082, HAL.
- Duran, Jorge & Le Van, Cuong, 2000. "A simple proof of existence of equilibrium in a one sector growth modelp with bounded or unbounded returns from below," LIDAM Discussion Papers IRES 2000025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Jiuqiang Liu, 2022. "Equivalence of Competitive Equilibria, Fuzzy Cores, and Fuzzy Bargaining Sets in Finite Production Economies," Mathematics, MDPI, vol. 10(18), pages 1-16, September.
- Badics, Tamás, 2011. "Az arbitrázs preferenciákkal történő karakterizációjáról [On the characterization of arbitrage in terms of preferences]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 727-742.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:dyncon:v:31:y:2007:i:3:p:938-970. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jedc .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.