Water Resource and Power Generation: An Alternative Formulation ()
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.
Share and Cite:
J. Robles, "Water Resource and Power Generation: An Alternative Formulation,"
Theoretical Economics Letters, Vol. 2 No. 3, 2012, pp. 341-343. doi:
10.4236/tel.2012.23062.
Conflicts of Interest
The authors declare no conflicts of interest.
References
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[1]
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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
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[2]
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J. Robles, “Infinite Horizon Hydro Power Games,” Unpublished Manuscript, Victoria University, Wellington, 2009.
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