search query: @indexterm POWER / total: 583
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| Author: | Crampes, C. Moreaux, M. |
| Title: | Water resource and power generation |
| Journal: | International Journal of Industrial Organization
2001 : MAY, VOL. 19:6, p. 975-997 |
| Index terms: | WATER RESOURCES POWER COMPETITION GAMES GAME THEORY |
| Language: | eng |
| Abstract: | The authors propose a simple model of competition between a thermal station and a hydrostation for the production of energy. The authors show that, despite the static characteristics of the thermal cost function, the thermal output is determined by intertemporal considerations. This results from the scarcity of the water resource, which is storable at zero operating cost. The authors analyze the combination of these technologies in the case of a social planner who maximizes the net total utility from electricity in the case of private monopoly either regulated or not and, finally, in the case of duopolistic competition in quantities where each private firm operates either a hydraulic power station, or a thermal power station. |
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