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Water Resource and Power Generation: An Alternative Formulation
School of Economics and Finance, Victoria University of Wellington, Wellington, New Zealand
- 1 School of Economics and Finance, Victoria University of Wellington, Wellington, New Zealand
Theoretical Economics Letters·Volume 02 (2012)·Pages 341–343·Published 2 August 2012·DOI10.4236/tel.2012.23062
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Abstract
Crampes and Moreaux [1] provide a two period model of competition between a hydrostation and a thermal station for the generation of electricity. We modify this model to make it more directly comparable with an infinite horizon model. The closed loop equilibrium is characterized.
KeywordsWater ResourceHydroelectricityCournot CompetitionClosed Loop Equilibrium
- C. Crampes and M. Moreaux, “Water Resource and Power Generation,” International Journal of Industrial Organization, Vol. 19, No. 6, 2001, pp. 975-997. doi:10.1016/S0167-7187(99)00052-1
- J. Robles, “Infinite Horizon Hydro Power Games,” Unpublished Manuscript, Victoria University, Wellington, 2009.