TITLE:
Water Resource and Power Generation: An Alternative Formulation
AUTHORS:
Jack Robles
KEYWORDS:
Water Resource; Hydroelectricity; Cournot Competition; Closed Loop Equilibrium
JOURNAL NAME:
Theoretical Economics Letters,
Vol.2 No.3,
August
2,
2012
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.