Overview
- The only substantial development of Boiteux's idea of the short-run approach to long-run market equilibrium
- Comprehensive taxonomy of seventeen marginalist and programming characterizations of producer optimum
- Convex programming used to develop Koopmans's shadow pricing of hydro resources and the Wong-Viner Envelope Theorem
- Application to time-of-use pricing of electricity generated by thermal, hydro and pumped-storage plants
Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 684)
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Authors and Affiliations
About the authors
Anthony Horsley (1939--2006) was a British mathematical economist and a nuclear physicist who in the 1960s worked for the U.K. Atomic Energy Authority (becoming then its youngest ever Senior Scientific Officer) and for the Council for Scientific Policy. Later, devoting himself to academic research and teaching, he worked on the theory and applications of competitive equilibrium at the University of Sussex, Oxford University and, from 1979 until retirement and untimely death, the London School of Economics. A Renaissance mind, he also had a keen interest in literature, history and politics. He received a Ph. D. in Mathematical Physics from the University of Birmingham and a D. Phil. in Economics from the University of Oxford.
Andrew J. Wrobel (b. 1955) is a Polish-born mathematical economist. He has worked at the Institute of Computer Science in Warsaw and, as a Senior Research Fellow, at the London School of Economics and the Catholic University of Brabant in Tilburg. His main research, joint with Anthony Horsley, is on the theory of competitive equilibrium and its applications to the electricity supply industry. Educated in Warsaw, and in Bonn and London on postgraduate grants from the Studienstiftung des deutschen Volkes and the LSE, he holds an M.A. in Mathematics from the University of Warsaw and a Ph.D. in Economics from the University of London.
Bibliographic Information
Book Title: The Short-Run Approach to Long-Run Equilibrium in Competitive Markets
Book Subtitle: A General Theory with Application to Peak-Load Pricing with Storage
Authors: Anthony Horsley, Andrew J. Wrobel
Series Title: Lecture Notes in Economics and Mathematical Systems
DOI: https://doi.org/10.1007/978-3-319-33398-4
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer International Publishing Switzerland 2016
Softcover ISBN: 978-3-319-33397-7Published: 20 October 2016
eBook ISBN: 978-3-319-33398-4Published: 19 October 2016
Series ISSN: 0075-8442
Series E-ISSN: 2196-9957
Edition Number: 1
Number of Pages: X, 195
Number of Illustrations: 7 b/w illustrations
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Energy Policy, Economics and Management, Microeconomics, Continuous Optimization, Energy Storage, Energy Policy, Economics and Management