search query: @author Midttun, A. / total: 5
reference: 3 / 5
| Author: | Midttun, A. Bakken, B. Wenstop, F. |
| Title: | Rational, emotional and normfollowing actors and liberal free trade in the Norwegian electricity market |
| Journal: | Human Systems Management
1996 : VOL. 15:3, p. 187-200 |
| Index terms: | NORWAY ELECTRICITY FREE TRADE |
| Language: | eng |
| Abstract: | This article explores the implications of different behavioral assumptions for market outcomes. This is done by modeling emotionally and normatively oriented actors alongside the "rational" economic ideal type in a system dynamics simulation of a free trade market. The simulation exercise has a concrete case focus, as the model incorporates stylized elements of the Norwegian electricity market, which is a free trade market with a large number of buyers and sellers, claim the authors of the present article. |
SCIMA